NFT Distribution recorded its highest-ever annual turnover in the year to March 2017, with a more than 27% increase to £202m. It also essentially halved its pre-tax loss, which was £9.5m (2016: £18.3m). NFT chief financial officer Jay Edwards said the integration of NR Evans – purchased in 2016 – had broadened its offer and led to a recent deal outside its traditional grocery market. A three-year renewal with Asda and the recent achievement of Aldi preferred platform status will […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
Food distribution specialist Fowler Welch more than doubled its operating profit in the first half of the current financial year, its interim report shows.
NFT Distribution has bought 40 Schmitz Cargobull trailers as part of an ongoing fleet replacement programme.