DBAY Advisors has been granted a fifth extension to its deadline to make a bid for Eddie Stobart Logistics (ESL). DBAY had previously been given until 5pm on November 8 to make an offer or walk away. However, with the Isle of Man-based business still running the rule of ESL’s finances, the panel of takeovers and mergers has given it a new deadline of 5pm tomorrow (13 November) to “put up or shut up”. Read more DBAY Advisors given fourth […]
Eddie Stobart Logistics has seen its group turnover surge by more than a third thanks to a shopping spree that has seen it buy iForce, half of Speedy Freight and The Pallet Network (TPN).
The Co-operative Food is “pleased” with the outcome of its dispute with around 700 members of staff, which was sparked by the planned transfer of 87 drivers at its Coventry depot to Eddie Stobart Logistics.
A very quiet week on the Stock Exchange for transport-related shares – ahead of City Link’s numbers tomorrow (15 March). All eyes will be on Rentokil’s parcels arm to see if it posts a full-year profit. But it hasn’t stopped a rather telling trend in the past week…