Boughey Distribution parent NWF Group had a stable quarter of trading over the summer as it revealed that all customers have now been relocated to its Wardle, Manchester, DC. During June, July and August NWF said that Boughey “remained stable” with the normal seasonal reduction in activity across the summer months. Its Wardle site is full, it confirmed, and the business is running at 99.7% service levels. In the previous financial year Boughey signed a number of long-term contracts, boosting […]
UK Mail’s bull run couldn’t last. After hitting the heights of 510pence per share last week, following a stellar set of results, it has drifted back slowly to 497p as of today – still significantly higher than the 445p the week before its full year results. Not bad work in a fortnight. But it has still helped the MT basket of six shares hit a new high for the year: £18.67…
Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets.
A lot has happened in the two weeks since the last MT Tracker, and today the government has revealed that it will begin selling shares in post and parcel operator Royal Mail within the next few weeks, adding another transport name to the companies listed on the London Stock Exchange.