City Link failed to turn a profit on Friday posting a pre-tax loss of £26.4m while turnover for the year was up 4.8% to £321.7m. Rentokil was disappointed and said the “financial performance in the year was behind our initial expectations”. However, CityLink remains propped up by the rest of the Rentokil. Its share price rose 10% in the past seven days. Imagine what would happen if City Link ever turned a profit? Rentokil was pretty much the only share […]
Boughey Distribution, the specialist food division of NWF Group, has renewed what it describes as a “significant contract” with Princes.
Eddie Stobart CEO Alex Laffey is mulling a rebrand of the logistics firm’s 2,500 strong fleet, which could even see the iconic name disappear from Britain’s roads.
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.