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 […]
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.
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Pre-tax profit fell by a third last year at MT Top 100 company Fred Sherwood & Sons (Transport), despite a 2% increase in turnover.