Eddie Stobart Logistics Share Discussion Threads

[jimbarlow78] 27/5/2020 13:23

Come on Eddie ffs!

[p@] 27/5/2020 08:56

The Company's 2020 AGM will be held at the offices of King & Spalding 125 Old Broad St, London EC2N 1AR on 29 May 2020 at 2.00pm and there will be two attendees at the meeting (likely to be two directors or their representatives) who will form the quorum for the AGM. They will exercise all appropriate precautions in attending the meeting. One of the two attendees will be the chairman of the AGM. All other shareholders, directors and professional advisors are asked not to attend in person and will be refused entry.

[jimbarlow78] 26/5/2020 12:39

Look at Eddie go!

[dafad] 26/5/2020 11:05

RC launches investigations into KPMG and PwC over the audits of Eddie Stobart Logistics plc

26 May 2020

The Financial Reporting Council (FRC) has commenced two investigations into the audits of Eddie Stobart Logistics plc for the years ended 30 November 2017 (KPMG) and 30 November 2018 (PwC).

The investigations will be conducted by the FRC's Enforcement Division under the Audit Enforcement Procedure.

Notes to editors:

1. The FRC's purpose is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. The FRC sets the UK Corporate Governance and Stewardship Codes and UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. As the competent authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality.

2. Past FRC Enforcement Outcomes can be found here.

3. To meet its responsibility as the competent authority in respect of audit enforcement, the FRC operates the Audit Enforcement Procedure. This procedure applies to the investigation and sanctioning of breaches of the various requirements of the statutory auditors of Public Interest Entities (PIEs) and any other cases retained by the FRC including AIM companies with a market capitalisation in excess of €200m.

In brief, the stages of the Audit Enforcement Procedure are:

· Initial case examination and decision to investigate
· Investigation
· Decision by Executive Counsel as to whether to issue a Decision Notice (a notice with the findings and recommended sanction);
· Referral to Enforcement Committee and decision by the Enforcement Committee whether to issue a Decision Notice; and
· Referral to a Tribunal
· In order for a matter to be referred for investigation by the FRC's Executive Counsel under the Audit Enforcement Procedure, the FRC's Conduct Committee is required to decide whether there is good reason to investigate an Allegation in relation to a Statutory Auditor and/or a Statutory Audit Firm.

Investigations are usually conducted by Executive Counsel and the Enforcement division. The FRC's Conduct Committee may direct that the investigation is delegated to a Recognised Supervisory Body (RSB) which will provide an investigation report to the Executive Counsel so that (s)he may decide whether to issue a Decision Notice.

4. All Press enquiries should be directed to:

· Peter Timberlake, Senior Manager, Press & Digital, on telephone: [phone], or email: [e-mail].
· William Boyack, Communications Manager, on telephone: [phone] or email: [e-mail].
· Rita Carolan, Communications Manager, on telephone: [phone] or email: r,[e-mail].

5. If you no longer wish to receive press releases from the FRC please email [e-mail].

[jimbarlow78] 26/5/2020 09:29

AGM this week. Will be interesting.

[iknowverylittle] 26/5/2020 08:24

Go Doggie go.....oops I mean go Eddie go!

[jimbarlow78] 26/5/2020 06:08

Ill have to save them for the Mrs later on!

[dennisbergkamp] 25/5/2020 18:13

Jim,

Who did you punch 100 times on your way?? That’s the game!

Bruising for someone but good news for holders

D

[george23666] 25/5/2020 13:45

The financials will tel us more. Waiting for RNS, hopefully before AGM.

[jimbarlow78] 25/5/2020 13:39

I've been on the road all weekend and I stopped counting Eddie Trucks at 100.

[jimbarlow78] 22/5/2020 18:08

This has fried my brain lol. Nice 300000 buy at the end.

[albert3591] 22/5/2020 16:13

Jim Barlow....why go on about fuel savings,it’s the same for all hauliers

[billthebank] 22/5/2020 11:05

THE ACQUISITION? WHAT ACQUISITION? I am clearly being dense here

The Eddie Stobart brand is an iconic name, linked to our core values, that should be part of the business. The acquisition will also deliver significant future cost savings and it will allow us to continue to grow brand awareness throughout the UK and Europe."

[jimbarlow78] 22/5/2020 10:27

The potential upside between now and 2 weeks time is tremendous. They have acknowledged twice now they have been mad busy during covid. Also the fuel savings must be huge! Markets are struggling, good time to buy. Just my opinion.

[iknowverylittle] 22/5/2020 08:31

Williams got a small willy!

[mls678] 22/5/2020 08:29

Or not. William sounded bullish in yesterday's RNS going into the Annual Results. How about you stop being so childish everyday?

[george23666] 21/5/2020 16:25

Ok, thanks Jim. Just hope it is healthy reading.