The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful. The move would see Tinkler’s overall offer rise to £80m, in part to repay debts which are understood to have spiralled to an “unsustainable” £200m. In a statement, TVFB (3) Limited, a company controlled by Tinkler, also revealed it has bought a 6.5% […]
The Unite union has threatened The Co-operative Group with nationwide industrial action over the transfer of 50-Midlands based drivers to Eddie Stobart.
Stobart Group reported an increase in turnover and profit in its transport and distribution unit in its final year as a fully-owned division of the business.
This year’s most read was dominated by the sad demise of national haulier Canute, which never recovered from the end of its long-term contract with retailer Wilko last year.