The Halcyon Tankers division of Hargreaves Logistics has been sold for an undisclosed sum to a team of former Hargreaves directors. The team includes Andrew Spence-Wolrich, former Hargreaves Logistics MD. The deal sees Halcyon MD Ian Elliott, Spence-Wolrich and Nigel Barraclough, who was MD of Hargreaves Services between 2011 and 2015, become owners of the haulage company, which specialises in transporting petroleum and bulk chemicals across the UK from its base in Port Clarence, Middlesbrough. Elliott will continue as MD […]
Today Wincanton posted what its MD Eric Born (pictured) called a “boringly predictable” set of half year results, with a 1.6% decline in group turnover and a 2.6% increase in operating profit.
There is one share in transport that is having a little run at the moment. One that doesn’t do it very often. After slipping to a low of 45p on 27 March, Wincanton keeps on growing. As of this morning it hit 82.35p – that’s an 83% return on your investment. So why all the commotion?