Shares in road transport businesses continue to trade at record highs for the calendar year, despite a relatively quiet August and an oh-so-slight dip in the value of the MT basket of shares. News from the firms trading on the London Stock Exchange has, in the past seven days, amounted to diddly-squat. This month has seen UK Mail cement its strong performance opening a new depot in Middleton, Greater Manchester. As of today a share is worth 630p, compared to […]
Stobart Group is to discontinue its chilled operations “as a stand alone unit” insisting that the “change will not affect Stobart’s national network solution for customers”. In an interim management statement today (17 January), Stobart said the Eddie Stobart transport and distribution division continued to perform in an uncertain economic environment but its chilled operations remained very challenging. MT.co.uk understands that discontinuing the chilled operations – primarily the former Innovate Logistics business it acquired out of administration in July 2008 […]
The chief executive of Wincanton does not expect a wave of consolidation in the UK road transport sector, arguing that recent high-profile acquisitions have been standalone deals rather than part of a trend.
UK Mail’s bull run couldn’t last. After hitting the heights of 510pence per share last week, following a stellar set of results, it has drifted back slowly to 497p as of today – still significantly higher than the 445p the week before its full year results. Not bad work in a fortnight. But it has still helped the MT basket of six shares hit a new high for the year: £18.67…