Eddie Stobart suspends shares amid accounting investigation

Eddie Stobart Logistics (ESL) chief executive Alex Laffey has stepped down from his role with immediate effect after a review of the company’s accounting practices determined that operating profit for the first half of its financial year would be “significantly lower than anticipated”. The shares have been suspended from trading and the release of the half-year results delayed until sometime in early September, with a review of the dividend policy underway.