Boughey Distribution has seen turnover and profit boosted in the past six months following the consolidation of its Deeside operation into its site at Wardle, Greater Manchester. Parent NWF Group revealed in its half-year results, for the period ended November 2014, that operational efficiencies had been delivered as the business no longer had to carry out trunking journeys and cross-docking between two sites. Boughey’s turnover increased by 1.6% in the period to £18.8m, from £18.5m, while operating profit rose by […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
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.
Stobart Group kicked Monday off with a bang, winning a 15-year biomass contract with Western Bioenergy. But investors seem to have shrugged their shoulders at the news, which refused to budget the share price from 123p. Maybe we could find a bit more success elsewhere, as it has been a busy week for the MT Tracker sextet.