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 […]
Never mind if you can’t read, download or browse Motor Transport on your commute to and from work – you can now listen to it! Subscribe on iTunes to our new, regular podcast to hear our journalists discuss and debate the hot news of the past week. In our launch edition we talk about the level of Driver CPC compliance, Boris Johnson and the new London safer lorry scheme. We also discuss Eddie Stobart Logistics and the return to the […]
Eddie Stobart Logistics returns to the stock market next month with a listing on the Alternative Investment Market (AIM) that will value the operator at more than half a billion pounds.
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.