Wincanton’s new group finance director, Tim Lawlor, has assumed his new role as of today, after it was announced that he’d secured the job in early July. He replaces Adrian Colman, who was appointed as chief executive when Eric Born said he would be leaving the business. Lawlor was formerly the director of finance and strategy at the Serco Group. Colman said of his appointment: “I am delighted to welcome Tim to Wincanton. He brings substantial experience of the business […]
Plenty more profit raking this week as transport shares took a tumble, but one faller stood out more than most: Wincanton – which has suffered a pretty dramatic fall in the past two months.
Wincanton has said it is ready to tackle any changes in legislation or the economic climate Brexit might have on the industry.
Wincanton has warned that a decline in customers’ volumes and a reduced demand for warehousing will “adversely affect” the business in the next 12 months. In a trading update issued today (Tuesday 3 April), the group says that while it has successfully retained and won new contracts across all sectors, market conditions in retail, FMCG and containers have been challenging. It adds that a number of its customers are seeing a decline in volumes, which is resulting in reduced demand […]