Stobart Group has completed the partial divestment of its transport division. In a statement to the London Stock Exchange this evening it said: “Stobart, the infrastructure and support services group, announces that the partial realisation of its transport and distribution division, as described in the company’s announcement of 6 March 2014, has been completed.” Shareholders of the firm backed the move at the end of last month at a general meeting, as well as a special resolution to buy back […]
Next month we should expect to see full financial year results from Fowler-Welch parent company Dart Group. The only hint of the performance at Dart’s logistics arm came on 19 April when it said: “The business remains well placed for profitable growth.” Even the date in July of its full-year results remain as enigmatic as that statement… but there are some clues.
Co-operative Group writes to its drivers to deny that it plans to outsource its entire transport operation
The Co-operative Group has written to all of its 1,000 drivers this week to reassure them the group has no plans to outsource its remaining transport operations.
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.