Plenty more profit raking this week as transport shares took a tumble, but one faller stood out more than most: Wincanton – which has suffered a pretty dramatic fall in the past two months. This chart shows Wincanton’s share price every Tuesday since 29 January, when it touched a high of 70p. Now it is down in the doldrums at 45p. The worrying thing for Wincanton is that there appears to be no material reason for the fall. It […]
The big event for the MT basket of transport shares – the MT Tracker – is that Royal Mail will be joining this watching brief from tomorrow. The BBC is already reporting this morning that shares will trade at the top of the price range (around 330p) giving it a value of £1.7bn.
Hope Construction Materials has awarded Wincanton a six-year contract renewal, which will see the 3PL continue to provide its bulk and bagged road logistics.
Wincanton is to sell its records management business (WRM) to market specialists Restore for £60m after signing a conditional agreement.