Eddie Stobart CEO stands down as shares are suspended

How Dragons' Den investors made their money

How Dragons' Den investors made their money

The drama is likely to cause yet more headaches for beleaguered fund manager Neil Woodford, whose Woodford Asset Management fund is Eddie Stobart's largest shareholder with a 22.89% stake.

Eddie Stobart, one of the most recognisable brands on United Kingdom roads, was plunged into crisis after it suspended its shares, said goodbye to its boss and revealed it was delaying publication of its half-year results as it reviews a discrepancy in its accounts.

Boss Alex Laffey is to stand down with immediate effect, the company said, and will be replaced by Sebastien Desreumaux, now chief executive of its iForce business and head of contract logistics.

'These developments, and an earlier admission that 2018 profit had been overstated by £2million, follow the appointment of new finance chief Anoop Kangits.

Colts fans boo Andrew Luck off the field after he announces retirement
Luck had aggravated his calf injury during the offseason and missed the entire on-field portion of the offseason workout program. That task now falls to Jacoby Brissett , a fourth-year player whom the Colts acquired in a cutdown weekend trade two years ago.

The company's results for the half year to 31 May, due to be released next Thursday, would now be delayed, the company added. He is expected to be appointed to the board in due course. However, the market did not take this announcement lightly, with its shares falling by 1.9 percent on July 9, the day this was put in the open. As a result, it also intends to review its current dividend policy.

The transport and logistics giant applied for its shares to be suspended as it carries out a review of its accounting, which is expected to reveal lower earnings for the first half of 2019.

Eddie Stobart Logistics plc provides logistics, distribution, and warehousing services for its clients across a range of service sectors in the United Kingdom and internationally.

Today the company said that, as part of a review, it is taking a more "prudent approach" to revenue recognition, receivables and provisions.

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