The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn. The group’s preliminary 2015 results show a 48% decrease in pre-tax profit compared with the former year, with a fall from £3.5m to £1.8m. Turnover in its transport arm decreased 23% from £89m in 2013 to £68.3m too. However, if Imperial Tankers’ contribution is stripped out, then turnover from […]
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the FTSE 250 for that matter, the total value of the basket hit a record high today of 1,842.
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?
Suttons Group has announced the appointment of Gilles Letard as head of commercial, Europe & Americas. Letard was formerly commercial director in the road tanker division at Norbert Dentressangle. Commenting on the new appointment, Suttons Group MD Andrew Palmer said: “Gilles brings a wealth of commercial experience to this key role. “He has a strong track record of putting into practice high levels of compliance and safety in the area of specialist services and will greatly assist our growth in […]