Eddie Stobart Logistics has won business with an annual value of £100m in the first six months of its trading year, the operator said in a trading update today (28 June). Recent high profile contract wins have included taking Cemex and Britvic from Wincanton. The news came as it revealed a deal to buy The Pallet Network for £53m. The operator has also seen group revenue surge 25% year on year in the first six months to 31 May 2018 […]
Tesco has been drawn into the Eddie Stobart Doncaster row as drivers at the DC prepare to start a third wave of strike action tomorrow (6 December). The supermarket chain, which runs the DC’s warehousing but outsourced the transport operation with 183 drivers to Eddie Stobart in August, has made a point of not commenting on the jobs row until now. However, after Unite last week rejected the latest offer from Eddie Stobart, a spokeswoman for the chain said: “We […]
Eddie Stobart could be a private company again as soon as April, according to a circular sent to shareholders of its parent group.
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.