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 […]
Wincanton has told investors that its full year turnover will be lower than 2018’s, after the late start of a number of new contracts failed to offset its exit from several low margin deals.
The combination of the £16m sale of its former automotive logistics division and securing a “significant” customer wins towards the end of its last financial year helped Eddie Stobart Logistics generate a £21m surplus, which was used to repay its debt.
Wincanton has won a three-year renewal with long-term customer Asda to provide transport and warehousing.