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 […]
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 […]
Eddie Stobart said its robust contingency plans would ensure the delivery of Walkers crisps to supermarkets were not disrupted, after HGV drivers geared up for strike action over a pay dispute.
Eddie Stobart Logistics (ESL) has extended its reach in the bulk sector after clinching a five year deal with Lallemand Biofuels and Distilled Spirits (LBDS).