Wincanton has found home is where the heart is as customers in the DIY and home retail sectors drove growth at the operator. At the same time it has begun surgery to return its industrial and transport division to health. Group turnover for the six months to 30 September 2017 grew 3.4% to £581m (2016: £561.8m). Pre-tax profit increased 3.6% to £20.3m (2016: £19.6m). Contract wins and renewals with Argos, a win with IKEA and Thales, and renewals with Ibstock […]
Eddie Stobart Limited (ESL) slashed its losses by 77% in 2020 after exiting a number of “unprofitable” contracts, implementing cost cutting measures and applying a new accounting standard.
Wincanton said the award of two contract extensions by Ikea to operate UK customer distribution centres has highlighted more growth in its digital and e-fulfilment offering.
Hellmann Worldwide Logistics saw revenue reduce by 5.3% last year as it battled the twin challenges of Brexit and the Covid-19 pandemic.