When Motortransport.co.uk spoke to Wincanton chief executive Eric Born last week he claimed there was little he could do about the share price of the company. Sadly, this week has proven that statement to be true. For the 12 months ending 31 March Wincanton posted a pre-tax profit of £24.8m, a turnaround from the £47.4m loss it made a year ago. This was despite a fall in turnover from £1.2bn to £1.08bn. On the face of it this is a […]
UK Mail Group saw turnover and pre-tax profit climb last year thanks to increased volumes, winning new business and retaining existing customers in its parcel and mail divisions.
Eddie Stobart Logistics (ESL) has hit back at Wincanton’s claims this week that it has withdrawn its interest in bidding for the company due to a lack of financial information, insisting it gave Wincanton “extensive due diligence commensurate with its status as a strategic competitor”.
Wincanton is continuing its drive into the home delivery market after landing a three-year contract with Sofa Club to provide a complete supply chain and e-fulfilment service for the retailer, including its two-person home delivery service.