The investor that successfully campaigned against DX Group’s former executive team last year has called for Wincanton to sell one of its two divisions after buying a 2% stake in the 3PL. Gatemore Capital Management made headlines last year as a DX Group shareholder, when it demanded the removal of then- board chairman Bob Holt and non-executive director Paul Murray after the operator’s share price plummetd. It later bought more shares in the business, making it the group’s majority shareholder. […]
Next month we should expect to see full financial year results from Fowler-Welch parent company Dart Group. The only hint of the performance at Dart’s logistics arm came on 19 April when it said: “The business remains well placed for profitable growth.” Even the date in July of its full-year results remain as enigmatic as that statement… but there are some clues.
More than 400 Argos employees have gone on strike over the proposed transfer of almost 100 drivers to Eddie Stobart Logistics.
Wincanton has slammed the government’s forthcoming Lorry Road User Charge (LRUC) for not doing enough to level the playing field between UK and foreign operators. In a blog on its website the largest UK-owned operator said that the widely reported charge of £10 per day for foreign lorries to run on British roads “ought to be four or five times that amount” to “have any real impact”. Later this month the government will publish draft legislation containing details about the […]