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 […]
Birds Groupage Services’ auditor has raised concerns over the future of the loss-making company.
Rising demand for warehouse space and a welter of contract wins helped boost Howard Tenens’ group turnover from £57.1m to £64.7m in the year to 30 September 2014.
The government should stimulate the economy by creating a quantitative easing programme for people rather than banks, according to Clugston Group CEO Stephen Martin.