The investor that successfully campaigned against DX Group’s former executive team last year has called for Wincanton to sell one of its two divisions after buying a 2% stake in the 3PL. Gatemore Capital Management made headlines last year as a DX Group shareholder, when it demanded the removal of then- board chairman Bob Holt and non-executive director Paul Murray after the operator’s share price plummetd. It later bought more shares in the business, making it the group’s majority shareholder. […]
Wincanton has warned of “trading profit headwinds” that it experienced in April, May and June, but expects pre-tax profit to remain inline with expectations.
Wincanton drivers working for Argos have voted to accept a deal offered to them by the operator to prevent them from taking planned strike action.
Plymouth-based Global Garden Products (GGP) has extended its contract with Wincanton, which will take the partnership to a decade. Wincanton has provided warehousing and distribution for the manufacturer’s powered garden products since 2003, delivering to the main B&Q DCs, and direct to GGP retailers nationwide. The contract is run from Wincanton’s Rothwell depot in Leeds. Wincanton manufacturing MD Chris Kingshott said: “This latest contract extension will bring our partnership up to the 10 year mark- a tremendous milestone of which […]