The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]
Wincanton has won a five year storage and distribution contract with children’s toy and furniture manufacturer Worlds Apart. Annually, the contract will see the firm deliver 20,000 orders to around 1,350 locations, including homes and retailers. Wincanton will also oversee the storage of the firms goods, storing approximately 3,300 pallets in its warehouses, a throughput of 18,000 a year. “As we strive forward with our ambitious growth plans and continue to launch new and exciting products onto the market, it […]
Wincanton has renewed its contract with oil and energy company Phillips 66 to provide delivery services for ground fuels and LPG, marking a 16 year working relationship between the two companies.
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]