Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders. The confirmation came today in a Stock Exchange announcement from TVFB, a company controlled by Tinkler. The statement confirmed that TVFB had submitted a bid to ESL which it described as “considerably more advantageous to ESL’s shareholders and […]
Eddie Stobart is rolling out Microlise systems across its fleet of more then 2,000 vehicles, after a “detailed evaluation” of the new system against its predecessor.
Wincanton has secured a three-year contract renewal from Total, covering the management of its refinery maintenance warehouse.
Wincanton saw annual turnover fall in the year ended 31 March 2019 but profit increase, thanks to a strong performance in retail that offset contract losses elsewhere.