The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn. The group’s preliminary 2015 results show a 48% decrease in pre-tax profit compared with the former year, with a fall from £3.5m to £1.8m. Turnover in its transport arm decreased 23% from £89m in 2013 to £68.3m too. However, if Imperial Tankers’ contribution is stripped out, then turnover from […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
A very quiet week on the Stock Exchange for transport-related shares – ahead of City Link’s numbers tomorrow (15 March). All eyes will be on Rentokil’s parcels arm to see if it posts a full-year profit. But it hasn’t stopped a rather telling trend in the past week…
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]