Wincanton has warned that a decline in customers’ volumes and a reduced demand for warehousing will “adversely affect” the business in the next 12 months. In a trading update issued today (Tuesday 3 April), the group says that while it has successfully retained and won new contracts across all sectors, market conditions in retail, FMCG and containers have been challenging. It adds that a number of its customers are seeing a decline in volumes, which is resulting in reduced demand […]
There is one share in transport that is having a little run at the moment. One that doesn’t do it very often. After slipping to a low of 45p on 27 March, Wincanton keeps on growing. As of this morning it hit 82.35p – that’s an 83% return on your investment. So why all the commotion?
Culina has named food giant General Mills as the ‘anchor’ client at its new 280,000ft² ambient logistics facility at Port Salford.
UK logistics is pretty much a private, and foreign, affair. The operators sitting at the top of the MT Top 100 are German, Swiss, Dutch , French and American. Looking at UK-based firms, very few sit on the London Stock Exchange (LSE). The number of UK logistics firms turning to the City as a means of investment has dwindled, ever since the Malcolm Group withdrew its listing in 2005. Last month Autologic was struck of the list after fellow publicly-listed […]