Stobart Group is to restructure is board of directors for the second time this year, with executive chairman Avril Palmer-Baunack to leave the company in May. At the same time the company has signed a new three-year contract with Tesco, which runs until 29 February 2016, formalising its role as primary and secondary distribution service provider. It has worked with Tesco on a “pay as you go” basis for the past eight years and currently provides secondary distribution to nine […]
The MT Tracker would like to pretend that it has delayed its posting by a day because it was waiting for Norbert Dentressangle to list on the NYSE Euronext stock exchange in London today (currently its market capitalisation stands at €615m – or £526.4m) but unfortunately it was the MT Awards yesterday and time just ran away…
Tomorrow I will be speaking with Wincanton chief executive Eric Born as Britain’s second largest road transport operation (or is it?) reveals its latest annual accounts. The most important part is – can the company turn a profit and for much of the past 12 months it has promised “good progress” in its strategy to return to “sustainable profit growth”. Before then its been a week of scalping – shares in the transport tracker are either flat, or down, across […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.