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 […]
Wincanton has appointed Ian Keilty as MD, retail and consumer.
The chief executive of Wincanton does not expect a wave of consolidation in the UK road transport sector, arguing that recent high-profile acquisitions have been standalone deals rather than part of a trend.
Argos is facing a union dispute after revealing it intends to transfer nearly 100 of its drivers to Eddie Stobart Logistics.