Eddie Stobart Logistics’ (ESL) turnover increased 25% year-on-year in the half year period the group said today (9 July), but it also warned that profit would be at the lower end of expectations. In a trading statement, ESL said group turnover increased due to organic growth and a full first-half contribution from The Pallet Network, which ESL purchased last year. On a like-for-like basis turnover increased by 8%, reflecting continuing organic growth and a number of new contract wins. However, […]
Eddie Stobart Logistics has confirmed it will list on the Alternative Investment Market (AIM) next week on 25 April at 8am, a move that will see former owner Stobart Group slash its holding in the haulier and pocket £113.1m.
Andrew Tinkler has stepped down as CEO of Stobart Group, the business he has headed since it listed on the stock market in 2007.
Jonen Shipping has moved from Palletline to Eddie Stobart owned TPN.