Eddie Stobart Logistics (ESL) may be forced to seek a new injection of capital to ease investor concerns over mounting debts, an equity analyst has told motortransport.co.uk The company shocked investors last week when it suspended trading in its shares and announced CEO Alex Laffey was to step down. It has since also been revealed that ESL made it difficult for auditor KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts. This prompted the accountancy […]
Supermarket giant Tesco has appointed Andrew Woolfenden as its new UK distribution director, following the naming last week of former incumbent Alex Laffey as chief executive of Eddie Stobart.
Eddie Stobart saw its e-commerce turnover more than double last year after it began eight new contracts off the back of its iForce acquisition.
Eddie Stobart has gone live with its Aggregate Industries contract, which the haulier won earlier this year from incumbent XPO Logistics.