Stobart is slowed by a tough summer
Saturday 27 August 2011
A surge in supermarket promotions knocked Stobart Group off course in early summer as the transport and logistics company struggled to meet retailers' demands at short notice.
Stobart, famed for its Eddie Stobart lorries, was taken by surprise as big retailers launched a deluge of customer offers to get cash-strapped consumers into stores. The result was big spikes in demand between May and July that gave Stobart little time to organise its fleet and left lorries unfilled. The firm, which has operational head offices in Carlisle and Widnes, said it had improved analysis of haulage customers' behaviour to get on top of the problem. "August trading has improved materially and we expect a stronger second half to the financial year," Stobart said.
The FTSE-250 company, which owns 2,250 vehicles and more than6 million square feet of warehouse space, has expanded beyond its road haulage roots into businesses such as civil engineering, airports and commercial and industrial property.
Stobart said other airlines were interested in flying from its Southend Airport after easyJet signed a 10-year deal in June.
Despite the difficult trading environment, the group said it had made good progress in the first half of the year and expected to unveil profit ahead of a year earlier at its interim results on 26 October.
The Microsoft mogul told fans a few home truths during his Reddit AMA
First full-length look is finally here
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 3 Ball pool for adults opens in London
- 4 Baldness could soon be treated using stem cells, scientists hope
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Teenager brandishing fake gun taken down by police after demanding airtime on Netherlands' NOS TV station
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...