Eddie Stobart Logistics has posted a significant rise in revenue of more than a third.

The firm booked a 35% rise in full-year revenue to £843 million, ahead of market expectations.

The road haulier said that the increase was driven by £162m of new contract wins across all its sectors.

Net debt as at period end was approximately £154m, up from £109.5m, reflecting working capital investment.

The Herald: Picture: Dixons Carphone/PA Wire

Dixons Carphone is expected to book another sales slump at its troubled mobile phone division when it reports on its third-quarter performance next week.

City analysts forecast the retailer's Carphone Warehouse outlets will post a 5% decline in like-for-like sales in the period, which includes Christmas.

The Currys PC World owner's shares were stung in December when it detailed mammoth write-downs on the value of Carphone, alongside a £200m cost-cutting exercise.

It also posted losses of £440m for the half-year to October 27 against profits of £54m a year earlier.

Nevertheless, analysts at Citi believe that should the mobile division be turned around, it could offer upside to investors.

The Herald:

Millennial slipper brand Mahabis has been rescued from administration by one of the founders of mattress startup Simba Sleep and his boutique investment firm.

The acquisition by YYX Capital safeguards the jobs of all 16 employees at the company.

James Cox, Simba co-founder and co-head of YYX, will take over as interim CEO of Mahabis during the handover period and oversee a plan to overhaul its product and marketing.

Mahabis was founded in 2014 and grew rapidly by targeting millennials with woollen slippers that can be worn outside using detachable rubber soles.

It sold almost a million pairs in just four years.

But it went into administration in late December last year, putting the future of the business in doubt.