Fowler Welch has reported a broadly static half-yearly revenue for the period ended 30 September, achieving £78.1m (2013:£78.2m), with its operating margin also holding firm at 2.7% (2013:2.7%). The company said overall operating profit fell 11% to £1.6m (2013: £1.8m) as a result of expected start-up losses at a new joint venture in Teynham, Kent, which launched in May, storing, ripening and packing stone-fruit and exotic and organic fruits. However, it added that margins were encouraging in this business, with […]
The promise of a solid first half in its financial year did little to improve investor confidence in Stobart Group – because investors were already ahead of the curve. On 17 April it was trading at a year low of 76.5pence per share. Today its at its year high of 109.5p – proving that investors have faith in the direction Andrew Tinkler is taking the company.
Salford Van Hire has embarked on a vehicle buying spree, with the purchase of more than 300 new units for its fleet.
Fowler Welch has a ‘bright, interesting and profitable’ future ahead, according to its parent company.