Wincanton is running the rule over a possible merger with Eddie Stobart Logistics (ESL). In a Stock Exchange announcement Wincanton said it is “currently undertaking a diligence exercise on Eddie Stobart and its assets, in order to enable it to assess the potential merits of a combination. “No proposal has been made by Wincanton to Eddie Stobart as to the terms of any potential offer, and there can be no certainty that any offer will be made to Eddie Stobart […]
Wincanton’s group HSQ director, Dean Clamp, is to join the board of the Chartered Institute of Logistics and Transport (CILT UK).
Wincanton will be back in the black this financial year as the group’s extensive restructuring and disposals programme bears fruit. Wincanton chief executive Eric Born tells MT: “When [we] started this programme we said it would take two years to arrest the decline. We are bang on track. It’s absolutely what I’m expecting.” A year of restructuring and disposals saw it sell its European operations to focus on the UK and Ireland, dispose of its 20% shareholding in Culina Logistics […]
More than 400 Argos employees are to strike next week, in protest at the proposed transfer of 96 drivers to Eddie Stobart Logistics.