Andrew Tinkler, former boss of Eddie Stobart, is putting together a £75m rescue bid for ailing Eddie Stobart Logistics (ESL), according to reports. Tinkler, who headed up the business as part of the Stobart Group until 2014, is reported to be putting together a £50m package, with an additional £25m being raised by shareholders. He is reported to claim the deal will preserve value for shareholders. Tinkler told City AM: “Shareholders do take my offer seriously, and even Stobart Group […]
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…
Wincanton has found home is where the heart is as customers in the DIY and home retail sectors drove growth at the operator. At the same time it has begun surgery to return its industrial and transport division to health.
Wincanton has taken delivery of 115 new tractor units equipped with powered, height-adjustable roof fairings, reporting that height-matched fairings improve fuel consumption by about 5% compared with conventional fixed fairings.