Eddie Stobart has reported strong contract retention and growth ahead of its year-end trading update, expected in January 2018. In its Retail division, the company has won a new three-year contract with Homebase, starting in January 2018 to supply logistics services to 230 stores. It is looking to expand this by exploring opportunities with Homebase’s suppliers. In addition, the business said it now provides services to most of the UK’s major supermarket chains. Consumer sector performance has seen re-secured work […]
Hermes has launched a new service allowing consumers to inform retailers which items they are returning in advance, helping to make the process more efficient.
Stobart Group’s transport and distribution division, Eddie Stobart, saw revenue grow but profit fall in its most recent trading year, as it failed to cover increased costs through rate rises. For the 12 months ending 29 February turnover rose to £519.5m from £475.3m a year ago. However, pre-tax profit fell from £34.2m to £27.4m, due to cost increases of £4m “which have not been fully recovered through rate increases, mainly due to the increase in our customers’ costs”. Furthermore, £11.4m […]
WH Malcolm saw pre-tax profits rise by more than half last year but warned that the Covid-19 pandemic will have an adverse impact on the company’s performance this year, despite a strong performance from its logistics division in the food and drink sector during lockdown.