Online grocer Ocado is continuing to suffer from the fire which destroyed its Andover depot last year, reporting a pre-tax loss of £214.5m for 2019. The retailer’s latest annual results to 1 December 2019 reveal losses that are almost five times higher than the £44m loss the company made in the previous year. Ocado said exceptional charges of £94.1m, most of which were due to the Andover fire, were to blame for the size of the pre-tax losses in the […]
Turnover and profit both rose by some 12% last year at Newmarket, Suffolk-based Turners (Soham), as a prudent approach to rates and new business continued to pay off. In the 12 months to 31 December 2011, turnover jumped 11.9% to just under £235m (2010: £210m); while pre-tax profit rose 12.5% to £24.3m (2010: £21.6m). All three of the firm’s divisions enjoyed a significant boost during the period, with turnover up 7.69% in the temperature controlled division, 10.63% in the general […]
While 2018 is unlikely to be all plane sailing for road transport, things are looking up says Cato Syverson, CEO of Creditsafe. Figures from our most recent Creditsafe Watchdog Report show that the UK economic picture is starting to look a little less sluggish. Across 12 business sectors that we track on a quarterly basis, we saw outputs on the rise, with increased UK business sales and debt levels at a record low. In part, this narrative holds true for […]
John G Russell (Transport) said it had benefitted from months of empty roads over the last year, which helped boost fleet productivity, fuel consumption and would result in strong financial results.