Today Wincanton posted what its MD Eric Born (pictured) called a “boringly predictable” set of half year results, with a 1.6% decline in group turnover and a 2.6% increase in operating profit. Its share price, however, remains in triple figures at 127.5p, although down slightly from its MT Tracker high of 129p two weeks ago. Boasting a turnover of £542.3m in the first half it is understandable why Wincanton’s share price remains so buoyant. Two years ago the operator was […]
The Competition and Markets Authority (CMA) has given the green light to Müller UK & Ireland Group’s purchase of Dairy Crest’s dairy operation – almost a year after the plan was first revealed.
Wincanton has warned that a decline in customers’ volumes and a reduced demand for warehousing will “adversely affect” the business in the next 12 months. In a trading update issued today (Tuesday 3 April), the group says that while it has successfully retained and won new contracts across all sectors, market conditions in retail, FMCG and containers have been challenging. It adds that a number of its customers are seeing a decline in volumes, which is resulting in reduced demand […]
Pall-Ex has struck a deal with UK Mail Group to become the network of choice for UK Pallets customers, following the news yesterday that UK Pallets is to close.