finance

Eddie Stobart issues profit warning after poor first half



Troubled haulage firm Eddie Stobart Logistics has warned that annual profits will be “significantly below” expectations after a poor first half of the year.

The distributor said “adverse performance” combined with an ambitious budget, as well as delays on a major consultancy project, cut into the company’s earnings.

On the back of the profit warning, Eddie Stobart said its leadership team has started a “wide-ranging review” into its operations and financial performance.



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