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. […]
Argos employees from across the UK are to protest outside its new owner Sainsbury’s’ HQ next week, after the company failed to guarantee their futures within the business.
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.
15) Eric Born, chief executive, Wincanton Eric Born was given the not inconsiderable task of turning Wincanton around, taking on a business that in 2011 plunged to a £26m full-year loss on turnover of £2.2bn. He has delivered.