NWF Group, parent company to Boughey Distribution, has made a bolt-on acquisition for an undisclosed amount to its own-account fuel distribution business. Staffordshire Fuels is a 32 million litre per year fuel distribution business operating in the Midlands that holds an O-licence for seven vehicles at its Stone, Staffordshire, depot. NWF said that the purchase would increase its fuels business’ annual volume by 8%. The business is an approved supplier of Phillips 66 fuel, branded as Jet. It will continue […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
City Link failed to turn a profit on Friday posting a pre-tax loss of £26.4m while turnover for the year was up 4.8% to £321.7m. Rentokil was disappointed and said the “financial performance in the year was behind our initial expectations”.