Eddie Stobart Logistics has confirmed it will list on the Alternative Investment Market (AIM) next week on 25 April at 8am, a move that will see former owner Stobart Group slash its holding in the haulier and pocket £113.1m. In an admission document published today, Eddie Stobart Logistics stated it would issue 357,918,800 ordinary shares of 1p each to be admitted comprising 276,668,800 existing ordinary shares as well as 81,250,000 new ordinary shares, issued at a price of £1.60. The […]
Well you win some and you lose some. Trading in shares at UK Mail Group continues to be a profitable experience, but – despite a good performance in its transport division Hargreaves shares continue to splutter.
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.
Supply chain collaboration could save around £2bn a year on fuel costs, a panel of logistics industry leaders revealed at last week’s International Festival of Business in Liverpool.