William Stobart is set to return to Eddie Stobart Logistics (ESL) if equity firm DBAY Advisors succeeds in its bid to buy the troubled haulier. Stobart’s initial task will be to lead the board in ensuring ESL deliver a “strong performance” over the peak Black Friday and Christmas period. Rival bidder Andrew Tinkler, former chief executive at Eddie Stobart, is also lining up heavyweight support for his competing £75m offer for the company. Tinkler is reported to have been in […]
Wincanton has told investors that it continues to trade in line with expectations, with solid levels of activity in its contract logistics business, as it financial year concluded.
Stobart Group has said a £25m windfall generated by a property sale this month will be held in cash pending reinvestment or used to repay debt.