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 […]
Eddie Stobart has purchased a 50% holding in express delivery company Speedy Freight.
CM Downton walked away with the big prize of the night – the Haulier of the Year trophy – in front of a sell-out audience of 1,500 at last night’s Motor Transport Awards (13 June). Delighted directors of the family firm Andrew, Richard and John Downton, collected the trophy from co-host Sean Lock. The Moreton Valance, Gloucestershire-based firm has achieved the remarkable feat of boosting turnover and doubling operating profit since the credit crunch struck in 2008 – a performance […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.