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. Having completed an initial public offering (IPO) on the Alternative Investment Market in April, the haulier saw revenue climb 7.7% to £287m (2016: £266.4m) in the six months to 31 May 2017. Underlying turnover growth, which strips out the end of the […]
Eddie Stobart national distribution centre gets go-ahead but local opposition calls for government veto
Eddie Stobart Logistics’ plans to build a £75m national distribution centre on green belt land at Appleton Thorn has won the backing of Warrington Borough Council but local councils opposed to the scheme are calling on the Secretary of State to veto the decision.
A shortage of suitable subcontractors contributed to a squeeze on margins at automotive logistics specialist Brit European Transport in its last financial year.
Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period.