NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper. The bulk of the costs related to a “major incident” that saw the M1 closed for 18 hours on 2 December 2015 and the start of a new client contract at Daventry. “These costs are provided for in full but are still the subject of detailed negotiations, which precludes us […]
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.
John Hackling (Transport) saw pre-tax profit fall 45% last year, according to its latest annual results.
Online grocery retailer Ocado has said its second customer fulfilment centre in Dordon, Warwickshire, will commence operations in February next year. Equipment installation at the warehouse is almost complete and testing has been underway since May, the firm confirmed. The project “remains in line with budget”, it said. The retailer, which also announced it had secured an 18-month extension on £100m of loans from its lenders to July 2015, said it had achieved an 11% rise in gross sales year-on-year […]