Bibby Line Group has agreed the sale of Costcutter Supermarkets Group (CSG) to Bestway Wholesale – the UK’s largest independent wholesaler. CSG has reported a significantly improved performance over the last two years, following investment in key areas of the business. During the 12 months to 31 December 2019, CSG’s sales rose by 10% to £426m, with EBITDA increasing by more than £9m to £5.1m. The agreement completes the planned strategic realignment of Bibby Line Group’s portfolio, following the sale […]
Stobart Group has revealed it is abandoning its plan to launch a savings bond. In a statement to the City yesterday, the group said it had walked away from a plan revealed on 13 November that would have seen it launch a six-year retail bond with a fixed rate of 5.5% per year. The closing date for bond applications – the issue of which was being managed by investment bank Canaccord Genuity – was today (27 November). In a statement […]
Acumen Automotive Logistics has expanded its operation with the acquisition of J&A Transporters.
Hargreaves Services has purchased civil engineering and earth moving group Pryor, after the latter was placed into administration.