Stobart directors cash in £14m

Andrew Tinkler and William Stobart, chief executive and chief operating officer respectively, have sold a significant chunk of their stakes in the logistics group to 'satisfy strong institutional demand'.

Civil engineering joint venture EnterpriseMouchel has won its first work in the North West, the £149m five-year road maintenance contract for the Highways Agency in Cumbria and north Lancashire.

Stobart said the group has strengthened in all aspects of the business despite the tough trading year, following the announcement of its preliminary results.

Transport giant Eddie Stobart has launched a national truck spotting competition giving members of the public an opportunity to name an Eddie Stobart truck.

Stobart has started work on a new railway station at its London Southend Airport, which it hopes to link with services to Carlisle Airport .

Transport minister Sadiq Khan announced a funding package of £4.6m for a new bridge to be built over the River Derwent in Workington, Cumbria.

Stobart said it expects to meet its year end pre-tax profit expectations and deliver further value from its substantial asset base.

A free train service set up to help Cumbrian residents affected by the recent floods will operate until May 2010 thanks to £750,000 of extra funding.