Eddie Stobart make delayed warning about profits amid takeover interest 

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The group made the announcement in a delayed update, after admitting a £2m accounting error which saw shares suspended at 70p last month


Eddie Stobart make delayed warning about profits amid takeover interest

Eddie Stobart warned about profits yesterday amid takeover interest.

The troubled haulage firm said that an ‘adverse performance’ combined with an ambitious budget, as well as delays on a major project, cut into its annual earnings.

The group made the announcement in a delayed update, after admitting a £2m accounting error which saw shares suspended at 70p last month.

Last week it confirmed it is being lined up for a possible takeover, following an expression of interest from shareholder Dbay Advisors, which owns 10pc of the firm.

The group made the announcement in a delayed update, after admitting a £2m accounting error which saw shares suspended at 70p last month

THIS IS MONEY’S FIVE OF THE BEST CURRENT ACCOUNTS

 

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