Stobart Group completes partial disposal of transport division

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.

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.