Good old Stobart. You can always count on them doing something that will hit the headlines. What was somewhat overshadowed yesterday – when it was revealed that Avril Palmer-Baunack would be leaving the role that was created for her in January – is some welcome financial news. Firstly: Stobart Group – having suffered several reporting periods in the doldrums – said that come 16 May it expects to report results moderately ahead of market expectations. Secondly: Stobart revealed it had […]
Stobart Group has shaken off a tough start to the year by revealing a 7.2% improvement in the profitability of its transport operations, and a 13% leap in turnover driven by the addition of Autologic.
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the FTSE 250 for that matter, the total value of the basket hit a record high today of 1,842.