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 […]
Share prices in the industry have not changed dramatically since last week. Most have seen a small increase in value, apart from Stobart, which saw its share value remain static.
Suttons Tankers has said that changes to employees’ terms and conditions are necessary to protect jobs in the long term, after coming under fire from union Unite.
A very quiet week on the Stock Exchange for transport-related shares – ahead of City Link’s numbers tomorrow (15 March). All eyes will be on Rentokil’s parcels arm to see if it posts a full-year profit. But it hasn’t stopped a rather telling trend in the past week…