Hargreaves Services has warned that its transport division’s operating profit may fall by £500,000 this year due a decline in the coal, steel and construction markets. The warning came in a pre-close update issued by the County Durham-based company this week. It said that the continuing deterioration in the coal and steel markets and unusually warm winter weather had created short term volume and margin pressure across the group. Breaking the business into sector performance it said the transport division, […]
Howard Tenens Storage & Distribution saw a 20% drop in pre-tax profit last year after it lost customers at two of its depots.
NWF Group expects pre-tax profit for the six months ended 30 November to be greater than the same period in 2011, despite lower than expected performance in its food distribution arm. In its interim statement, the firm said its Boughey Distribution business performed “slightly behind expectations” as it did not take on as many new customers and receive as much business from existing customers as it expected, which it blamed on a “tough market environment”. NWF Fuels performed better than […]
Maritime Transport has reported an 11th consecutive year of revenue growth.