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 […]
Argos employees from across the UK are to protest outside its new owner Sainsbury’s’ HQ next week, after the company failed to guarantee their futures within the business.
Operators struggling to meet financial standing can now be offered a period of grace of up to a year to get themselves on a firmer footing, according to transport lawyers.
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.