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Stobart Group is encouraged by its performance following its merger with Westbury Property Group. In its latest trading statement, the firm says it continued to trade strongly in the year to December as new business wins and profitability grew in line with expectations. Andrew Tinkler, Stobart Group chief executive, says: "This has been a period of significant change for the group, successfully repositioning ourselves as a leading provider of inter-modal logistics solutions."

Stobart says  its contracts have protected it from rising fuel prices and that its inter-modal business model - which includes rail, truck and port operations - will allow "continued future growth even in the event of an economic slowdown". Stobart acquired a stock market listing last year following a reverse takeover of Westbury.

Andrew Tinkler, Stobart Group chief executive, says: "This has been a period of significant change for the group, successfully repositioning ourselves as a leading provider of inter-modal logistics solutions. "Over the period we have been encouraged by the underlying performance in the core businesses of Eddie Stobart and O'Connor Group."Stobart says it has exchanged contracts to acquire a further 47 acres of land adjacent to its large site in Widnes. The firm plans to develop the land for warehousing.