Sun Capital Partners has abandoned its interest in making a bid for Clipper Logistics. Clipper executive chairman Steve Parkin, who founded the company in 1992 and owns nearly a third of its shares, was understood to be preparing a £300m bid with the Florida-based private equity firm to take Clipper off the stock market. However, following an extension to the bid deadline to allow further discussions, Sun Capital has announced it is no longer considering an offer. Sources suggest the […]
DX Group is set to have its shares suspended in the New Year after delaying the release of its audited annual results.
Great Bear Distribution increased profits by 7.5% last year to £9.5m and it anticipated its “controlled organic growth” will continue.
Cambridgeshire haulier Welch’s Transport has admitted its figures for April will be “a disaster” as it struggles with only 60-70% of normal volumes.