Eddie Stobart Logistics (ESL) will see lenders pull out and face an “imminent liquidity shortfall” if shareholders reject DBAY Advisors’ takeover bid, DBAY warned this week. The warning follows reports that advisers to Andrew Tinkler, the former Eddie Stobart Logistics chief executive, are preparing to lodge a formal appeal with the Takeover Panel aimed at preventing DBAY Advisers from voting in favour of its own rescue bid. The appeal will be lodged with the mergers watchdog ahead of the shareholder […]
Tarmac to adopt regional distribution model, bringing Eddie Stobart, Abbey Logistics and Pollocks on board
Tarmac is implementing a regional distribution model for its cement and lime division, which will see Eddie Stobart, Abbey Logistics and Pollock (Scotrans) join its lineup of haulage providers, MT can reveal.
Stobart Group has shaken off a tough start to the year by revealing a 7.2% improvement in the profitability of its transport operations, and a 13% leap in turnover driven by the addition of Autologic.
Stobart Group has been granted permission for a 374,000 ft² distribution centre as part of its approved planning application to re-develop Carlisle Airport. Andrew Tinkler, Stobart Group chief executive, says: “The freight distribution centre will allow Eddie Stobart to attract new clients while providing the rental income required to develop Carlisle Airport and commence passenger operations.” Stobart bought the airport and associated land in 2009 and has been involved in a long-running battle with local residents to develop the site […]