RTR: PwC fined $2.5m over Eddie Stobart Logistics audit
REUTERS reports: Britain’s accounting watchdog said on Thursday it has fined PwC 1.99 million pounds ($2.51 ...
From Land’s End to John o’ Groats, Eddie Stobart Logistics remains one of the UK’s most iconic transport brands and now its gearing up to float itself on the London Stock Exchange’s Alternative Investment Market (AIM). In 2014 it sold a 51% share in the company to Greenwhitestar to raise funds for “the next stage of development”, and now controlling shareholder Greenwhitestar UK has told Stobart Group it intends to seek admission to the AIM in April, with the ambition of raising £550m. Stobart Group chief executive of Alex Laffey said the IPO would provide a strong platform for further growth, with £130m of the new equity set to be ploughed back into the business.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Iran may now pose a threat to multimodal supply chains via Dubai
Capture of MSC Aries will further drive up Indian export costs
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