A major investment strategy at Gist helped off-set the negative pull of a “challenging” UK food market last year and boost sales by 9% last year. However pre-tax profit at the food, networking and contracts logistics specialist fell by 2.7%, largely due to losses made on the disposal of fixed assets and a major fall in the income from shares in group undertakings during the period. According to the Basingstoke-based firm’s latest annual results to 31 December 2016, Gist saw […]
The threat of industrial action at Gist has ended, with union Unite stating the argument over pay at a Hemel Hempstead DC run on behalf of Marks & Spencer has been resolved.
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]
Temperature-controlled operator Gist has chosen Carrier Transicold’s Vector 1550 refrigeration system for its renewal of its trailer fleet.