NWF Group – owner of grocery distribution specialist Boughey Distribution – has reported Q1 trading has been “marginally ahead of the same period last year with net debt reflecting the normal seasonal fluctuations”. Speaking at the group’s AGM, NWF chairman Philip Acton said fuels has traded ahead of the same period in 2018, with recent acquisitions performing as planned and integration progressing smoothly. “The business is continuing to invest in systems and people,” he added, “which will improve efficiencies and provide […]
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.
NWF Group expects pre-tax profit for the six months ended 30 November to be greater than the same period in 2011, despite lower than expected performance in its food distribution arm. In its interim statement, the firm said its Boughey Distribution business performed “slightly behind expectations” as it did not take on as many new customers and receive as much business from existing customers as it expected, which it blamed on a “tough market environment”. NWF Fuels performed better than […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.