Alex Laffey was 25 years with Tesco before becoming CEO of Eddie Stobart Logistics (ESL) in May 2015 in preparation for floating the business of the Alternative Investment Market (AIM) of the London Stock Exchange in April 2017. Just before the listing William Stobart stood down as a director and the flotation broke the link with the Stobart Group, which is listed on the main Stock Exchange, and gave Isle of Man based private equity firm Douglas Bay (DBAY) an […]
Bibby Distribution’s 18-month transformation strategy is finally coming to fruition, as the MT Top 100 operator turned a profit for the first time in two years. A complete review of the operation, from warehouse to board structure, has taken place, with the company aiming to go “back to basics”. This has seen the disposal of non-logistics divisions from the Bibby Supply Chain portfolio – training arm Systems Training in 2015, and agency business Direct Workforce at the end of 2016. “From […]
Eddie Stobart has reported strong contract retention and growth ahead of its year-end trading update, expected in January 2018.