23-08-2019 17:45 via theguardian.com

Eddie Stobart suspends trading in its shares after accounting error

Haulage company stuns investors as chief executive stands down immediatelyEddie Stobart, best known for its 2,700 green and red trucks plying Britain’s motorways, has stunned investors by suspending trading in its shares after an accounting investigation found profits had been overstated.The company said there was a £2m error in its 2018 accounts, and that profits for the first half of 2019 would be “significantly lower” than forecast. Its chief executive, Alex Laffey, wi
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