Contract changes and one-off project costs contributed to Gist’s annual profit plunging by more than half last year, according to the firm’s latest results. Whilst the food, networking and contracts logistics business saw turnover rise 4.8% to £437.3m (2016: £416.6m) in the year to 31 December 2017; its pre-tax profit fell 50% to £8.8m (2016: £17.7m). In its strategic report to the accounts, the company, which counts M&S, EAT and Starbucks among its clients, attributed the downward profit spiral to […]
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.