Customers stockpiling for the UK’s original departure date from the EU drove Boughey Distribution to record a leap in turnover and operating profit in the year to 31 May 2019. In results published today (30 July), Boughey Distribution owner NWF said its food distribution business had high storage levels throughout the period as a result of new customers and customers requiring additional stock in preparation for Brexit, which was originally planned for March. Turnover increased 18.6% to £47.9m (2018: £40.4m) […]
Today Wincanton posted what its MD Eric Born (pictured) called a “boringly predictable” set of half year results, with a 1.6% decline in group turnover and a 2.6% increase in operating profit.
Last week, Dart Group revealed a near to 13% pre-tax profit rise for its transport operation, Fowler Welch. Off the back of this, which saw profit climb from £3.9m to £4.4m for the year ended 31 March 2013 at Fowler Welch, its group share price has continued to move northwards, today leaping to £2.40, up from £2.14 last week.
Last week the MT Tracker took a break – to compile the MT Top 100 – look out for it at the end of November. It’s no secret that our big six make the Top 100, but as for exactly where you’ll have to wait until 18 November. In the meantime, we welcome Royal Mail out of the clutches of the government and onto the Stock Exchange (and the MT Tracker) and we’ll take a look at its share price […]