Wincanton saw annual turnover fall in the year ended 31 March 2019 but profit increase, thanks to a strong performance in retail that offset contract losses elsewhere. Turnover was 2.6% lower for the period at £1.14bn (2018: £1.17bn). Pre-tax profit (normalised to strip out exceptional items such as previous restructuring) was up 6.3% to £49.3m (2018: £46.4m). Its statutory pre-tax profit for the period was 28.2% more at £48.6m (2018: £37.9m). Wincanton’s debt was down by more than a third […]
Wincanton has put in place a turnaround plan for its Pullman Fleet Services business after the segment delivered an “underwhelming” performance in its most recent financial year.
National Grid has extended and renewed its contract with DHL for four years.
UK Warehousing Association (UKWA) chief executive Roger Williams is to hand over the reins later this month to his successor, Peter Ward (pictured), following 15 years at the organisation.