Stobart Group completes partial disposal of transport division

Supermarket giant Tesco has appointed Andrew Woolfenden as its new UK distribution director, following the naming last week of former incumbent Alex Laffey as chief executive of Eddie Stobart.

Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which  offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]

The head of Norbert Dentressangle’s (ND) UK logistics believes 2012 will see the operation cement its number one spot in ND’s overall international operations as the business shifts into another gear following the integration of TDG. In ND’s latest results, the UK outperformed all other countries to become its logisitic division’s key revenue contributor in 2011, generating 41% of the total. ND Logistics UK MD Malcolm Wilson tells MT.co.uk: “We’re in a great place; the business has a renewed scale […]