Stobart hits the brakes on profit

Logistics firm Stobart said underlying pre-tax profit fell as the recessionary climate continues to hurt growth in the transport sector, however it said long term expectations across the business remain robust.

Logistics firm Stobart said underlying pre-tax profit fell as the recessionary climate continues to hurt growth in the transport sector, however it said long term expectations across the business remain robust.

The haulage firm, which has been streamlining the business, said it is confident it has positioned itself well in a challenging economic environment.

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