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. In the first six months of the new ownership structure led by executive chairman William Stobart and chief financial officer Brian Corrway, GWSA reported revenues of circa £407m and underlying EBIT from the unaudited management accounts is expected to be at least £8m. Net debt at period end 31 May 2020 was circa £236m […]
TNT UK saw its finances tumble into the red last year following the loss of a major contract, posting a £6.4m loss just a year after it quadrupled its pre-tax profit.
Yodel said it was on course to become profitable in the year ending June 2021 – a first in its 10-year history.