Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However pre-tax profit dropped to £5.1m, compared to £7.6m in the previous financial year. Chief executive Richard Whiting says: “NWF has delivered a profit in line with the board’s expectations and has been successful in reducing debt further than expected.” Fuel division NWF Fuels continues to […]
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.
Hoyer Group has hailed its “highest turnover in its history” but conceeded challenges remain for its UK division.
FairFuelUK (FFUK) is preparing it’s strongest argument yet as to why the government should stop raising fuel duty and actually lower it instead. An economic modelling study, funded by FFUK backer RHA, has been carried out by the National Institute of Economics and Social Research, and is predicted to reveal further duty rises will be “devastating for the economy”. “We have issued an invitation to the Treasury to sit down with us and go through the findings of this research,” […]