Grocery distribution and warehousing specialist Boughey Distribution is experiencing a surge in activity as customers make contingency plans in case of a no-deal Brexit. Providing an update today in parent group NWF’s half-year results to 30 November 2018, chairman Philip Acton said Boughey Distribution was experiencing high activity rates. He added this appeared to be being driven by customers “considering their options for storing additional stock as a contingency against a hard Brexit” and Boughey Distribution had benefitted from the […]
City Link failed to turn a profit on Friday posting a pre-tax loss of £26.4m while turnover for the year was up 4.8% to £321.7m. Rentokil was disappointed and said the “financial performance in the year was behind our initial expectations”.
NWF Group – owner of grocery distribution specialist Boughey Distribution – has reported Q1 trading has been “marginally ahead of the same period last year with net debt reflecting the normal seasonal fluctuations”.
NWF Group expects pre-tax profit for the six months ended 30 November to be greater than the same period in 2011, despite lower than expected performance in its food distribution arm. In its interim statement, the firm said its Boughey Distribution business performed “slightly behind expectations” as it did not take on as many new customers and receive as much business from existing customers as it expected, which it blamed on a “tough market environment”. NWF Fuels performed better than […]