Wincanton has secured a three-year contract extension with Britvic to operate the soft drinks giant’s NDC in Lutterworth, Leics. The contract will see Wincanton operating a factory clearance shuttle operation between Britvic’s Rugby factory and the Leicestershire NDC, transporting 44 million cases per year. Wincanton will also manage the automated NDC site, which has a throughput of 82 million cases per year, with plans to upgrade the facility’s infrastructure and technology to improve the efficiency of the operation, as well […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.
There is one share in transport that is having a little run at the moment. One that doesn’t do it very often. After slipping to a low of 45p on 27 March, Wincanton keeps on growing. As of this morning it hit 82.35p – that’s an 83% return on your investment. So why all the commotion?
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]