The Competition and Markets Authority (CMA) has given the green light to Müller UK & Ireland Group’s purchase of Dairy Crest’s dairy operation – almost a year after the plan was first revealed. Under the approved proposal, Müller will pay in the neighbourhood of £80m for the Dairy Crest operation when the transaction concludes in late December, with the exact final figure subject to adjustment based on variances in Dairy Crest’s working capital, capital expenditure and profitability nearer the time. […]
CitySprint has acquired all operations at Woking-based Eagle Express Worldwide Couriers. Its same-day, international and UK overnight operations were acquired by CitySprint on 8 December, taking its network to 35 depots and 2,000 couriers. It will be transferred over to the CitySprint brand later this month. CitySprint said the transition will be seamless for Eagle Express’ customers and it will continue to be serviced by the same staff at the same depot in Old Woking. Chief executive Patrick Gallagher said: […]
Wincanton has delivered a “boringly predictable” set of results for the six months to 30 September 2013, with group turnover down 1.6% at £542.3m and operating profit up 2.1% to £24.2m compared with the same period last year.
Wincanton’s share price is trading at its highest level in a year, and despite a fall in turnover the 3PL’s operational strength appears to have pleased its critics, for now at least.