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 […]
Eddie Stobart Logistics (ESL) has been saved from the threat of administration after shareholders voted to accept a takeover bid by private equity firm DBAY Advisors.
John Hawksworth, previously with Premier Logistics, Birds Transport and AM Widdowson, has joined Eddie Stobart Logistics as general manager of its retail division.
18) Alex Laffey Title: Chief executive officer, Eddie Stobart Logistics In April 2014 Stobart Group disposed of 51% of its 100% shareholding of the Stobart road transport business to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m.