Well you win some and you lose some. Trading in shares at UK Mail Group continues to be a profitable experience, but – despite a good performance in its transport division Hargreaves shares continue to splutter. Yesterday Hargreaves Logistics said its turnover had increased by £5.4m from £77.3m to £82.7m for the 12 months ending 31 May. However operating profit fell slightly to £4m, from £4.1m a year ago. But its shares have fallen week on week to 800p, from […]
Fuel distributors and the Unite union are poised for a fourth day of negotiations over tanker drivers’ training, safety and employment terms. Conciliation service Acas is heading up the talks, which first kicked off last Wednesday (4 April) and reconvened yesterday morning (10 April) at 10am following the Easter weekend. The negotiations follow a majority vote for national strike action announced on 26 March from Unite tanker drivers, which supply fuel to around 90% of UK fuel courts – about […]
UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit.
Next month we should expect to see full financial year results from Fowler-Welch parent company Dart Group. The only hint of the performance at Dart’s logistics arm came on 19 April when it said: “The business remains well placed for profitable growth.” Even the date in July of its full-year results remain as enigmatic as that statement… but there are some clues.