Eddie Stobart’s former boss Andrew Tinkler (pictured) claims to have secured better-than-expected support from investors for a £70m rescue of Eddie Stobart Logistics (ESL), just days after announcing his intentions. TVFB, a company controlled by Tinkler, said its proposed fundraising had already received conditional indications in excess of the £70m target, notwithstanding TVFB has not yet met a number of major shareholders. Tinkler’s move comes after private equity group DBAY proposed injecting £55m into the business in exchange for a […]
Former Tesco drivers at Eddie Stobart’s Doncaster DC have suspended further strike action so that union officials and the logistics firm’s management can resume talks this Friday (19 October). More strike action was set to start tomorrow (Thursday, 18 October) but Unite officials representing the 183 drivers at threat of redundancy have postponed this in lieu of renewed talks. Harriet Eisner, Unite regional officer, said: “Stobart has confirmed it intends to put an offer on the table, so we are […]
GreenWhitestar Acquisitions (GWSA), the holding company for Eddie Stobart Limited (ESL), has given a positive trading update for the first half of the 2020 financial year.
Talks are due to take place between Stobart Automotive and union Unite after workers at what was formerly Autologic voted in favour of strike action.