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 […]
Mobile elevated-platform supplier Lavendon Group, which trades as Nationwide Platforms, has terminated its five-year delivery and collection contract with Wincanton a year after it outsourced transport to the 3PL.
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
Wincanton has added another Fuso eCanter electric truck to its fleet, this time to service a contract with Adidas in Manchester.