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. 7 August share price 14 August share price Dart Group 264 267.5 Hargreaves Services 802.5 829 NWF Group 120 121.5 Stobart Group 100 106.75 UK Mail 590 624 Wincanton 78 […]
Wincanton has told investors that it continues to trade in line with expectations, with solid levels of activity in its contract logistics business, as it financial year concluded.
UK Pallets is to close, after parent company UK Mail pulled the plug following years of poor profitability. The closure will cost UK Mail £1m, plus asset write-downs of £2m.
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 […]