BCA Marketplace, which owns WeBuyAnyCar.com, paid £16m in cash for Eddie Stobart’s automotive logistics business when it purchased it earlier this year. The acquisition of the company, previously known as Autologic, also saw Avril Palmer-Baunack – the former Stobart chairwoman and Autologic chief executive – rewarded with a bonus. Details of the sale and bonus are detailed in BCA Marketplace’s half-yearly report for the nine months to 4 October 2014. The report states that the business’ net assets were valued […]
Irvine, North Ayrshire-based Maxi Haulage has seen an increase in both turnover and pre-tax profit as business continues to grow.
The Unite union has accused Tesco of getting Stobart Group “to do its dirty work” for it, after the 183 drivers based at the operator’s Doncaster DC were told they faced possible redundancy. Eddie Stobart revealed its plans to staff at the DC yesterday (5 September), confirming Unite’s worst fears following the transfer of the business and staff from Tesco to Stobart on 5 August. David Pickering, Eddie Stobart MD, said: “After a thorough assessment and review of the transport […]
City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around.