Eddie Stobart Logistics has completed its IPO and listed on AIM at the London Stock Exchange. Trading in shares began at 8am today and, as of the time of writing, remain unchanged at a list price of 160p. Alex Laffey, chief executive at Eddie Stobart, said that the completion of the IPO was a “key milestone” for the business. “We have received strong interest from investors and we are excited to begin this new period as an independent company with […]
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.
Ocado is to develop a fourth hub in south-east London, as the popularity of online shopping continues to drive the need for more capacity.
More than 400 Argos employees are to strike next week, in protest at the proposed transfer of 96 drivers to Eddie Stobart Logistics.