Wincanton has won a contract extension with Waitrose for storage and distribution of wines and spirits to 357 UK outlets, which include supermarkets, motorway service stations, Ocado and Waitrose Cellar sites. The extension takes the partnership between Waitrose and Wincanton to more than 20 years. From its HMRC-approved, bonded warehouse facility in West London, Wincanton co-ordinates the distribution of more than 10 million cases of alcohol for the retailer. Wincanton uses its core fleet for the contract, bringing in extra […]
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]
“It’s been a bit of a rollercoaster start,” James Wroath laughs, as he begins describing his first five months as chief executive of Wincanton.
Wincanton has reported a strong set of financial results for the year to 31 March 2020, with revenue up 5% to £1.2bn and pre-tax profits up 7% to £52.9m, driven by a 26% rise in revenue from its retail grocery division which picked up a sizeable contract with Morrisons in June 2019 that has just been extended.