LOADING UP THE MONEY

Haulage giant Eddie Stobart has announced plans for a £550million stock market arrival. The company, known for its famous branded lorries, expects to raise around £130m from the initial public offering next month, with the cash used to fund growth and pay down debt. The listing, on the LSE’S junior AIM market, will see Eddie Stobart’s majority owners reduce their stake in the company from 51% to 30%.