Transport and logistics giant Bibby Line Group has taken full control of Costcutter. Bibby bought a 51% stake in the c-store chain in 2007 and revealed in September that is was close to finalising a deal for the remaining stake.
A decline in grocery sales has eaten into profits at logistics giant Stobart Group. Deputy CEO Richard Butcher told The Grocer volume declines at its customers - including Tesco, Danone, Mars and P&G - led to a £1.3m fall in pre-tax…
Profits at Stobart Group have fallen after a tough six months for its transport division. While turnover in the six months to 31 August grew 15% to £281m, pre-tax profits dipped 4.5% to £14.7m.
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