Wincanton hasn’t had it all its own way of late. A resurgent Eddie Stobart wrestled a Cemex contract valued at £15m off it, and MT revealed earlier this month that Britvic had re-awarded its entire transport requirement to Eddie Stobart after the first year of a five-year deal with Wincanton. Gatemore Capital Management, which successfully campaigned against DX Group’s senior management team last year, acquired shares in Wincanton and began calling for a break-up of the group in April. But that’s […]
Wincanton has extended and expanded its relationship with oil refining and energy firm Phillips 66 in a deal that will see it deliver in excess of one billion litres of petroleum products a year to forecourts across the Midlands and North-East of England.
Despite walking away from contracts and uncertain container volumes, Wincanton’s half year results recorded a 52% jump in pre-tax profit. Motortransport.co.uk talks to CEO Adrian Colman.
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.