Stobart confident after tough first half

City A.M. Reporter
HAULIER Stobart said yesterday it plans to push further into the air and biomass sectors after the group relied on tight cost management to offset the pressure being placed on its core transport business by nervous retailers.

The company, whose Eddie Stobart trucks deliver goods to retailers like Tesco, on Thursday reported underlying pretax profit of £13.2m for the six months to the end of August, down nearly 20 per cent from a year ago.