Wincanton’s share price is trading at its highest level in a year, and despite a fall in turnover the 3PL’s operational strength appears to have pleased its critics, for now at least. Setting the tone, Gerard Khoo, a broker at Liberum, slapped a buy recommendation on the stock after stating Wincanton – trading at around 269p per share – represented a ‘compelling valuation’. In a trading update in April, Wincanton signalled that a decision to shed low margin work would […]
Unite is to ballot staff at Morrisons over the supermarket group’s decision to outsource three northern transport hubs and vehicle maintenance operations to Wincanton.
A judgement in the legal claim being brought by the GMB union against four companies involved in the operation of Marks & Spencer’s South Marston, Swindon DC over agency staff pay could take months to be made.
Matlock Transport Company, the family run general haulier founded more than 70 years ago, has ceased trading. Insolvency practitioners from Sheffield-based Hart Shaw LLP were appointed on 11 September to help liquidate the business. The company was founded in 1946 by Richard Lowe, before brothers Eric, Alf, George and Charles took an active role and began to grow the business. Third generation cousins Julian and Richard Lowe were most recently at the helm and the Darley Dale company operated 46 HGVs and […]