Soft drinks manufacturer Britvic is switching its entire UK transport requirement back to Eddie Stobart, just over a year after signing up Wincanton to deliver as part of a five-year deal, MT can reveal. News last year that Wincanton had been appointed from 1 April marked the apparent end of Britvic’s relationship with Eddie Stobart, which had taken on distribution work for it in April 2011. Wincanton has been managing around 100,000 deliveries a year for Britvic. It also renewed […]
Wincanton continued its strong performance in its fourth quarter of trading, with underlying revenue now expected to be around 15% ahead of last year.
Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders.
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 […]