Eddie Stobart Logistics (ESL) has warned that 2019 profits will be “significantly below the board’s expectations”. In a trading update to investors, it also confirmed news last week that it had received a takeover bid from one of its current shareholders, Dbay Advisors. Last month, ESL suspended shares on the AIM market and announced the departure of CEO Alex Laffey after it failed to publish its half-year results in time. The company said it expected revenue for the first half […]
Stobart Group has said a £25m windfall generated by a property sale this month will be held in cash pending reinvestment or used to repay debt.
Drivers have launched a campaign for trade union recognition at Eddie Stobart’s Carlisle, Lillyhall and Penrith depots in Cumbria.
John Hawksworth, previously with Premier Logistics, Birds Transport and AM Widdowson, has joined Eddie Stobart Logistics as general manager of its retail division.