Food logistics specialist Associated Cold Stores and Transport (ACS&T) took a pre-tax profit hit last year after a major customer terminated a contract with the company. Despite receiving a termination settlement payment of over £1m, the company’s pre-tax profits for the year fell to £1.8m (2018: £2.2m) with turnover falling to £25.5 (2018:£28.6m) in the same period. Reporting its latest annual results to 28 December 2019, the Maidstone-based company said the loss of the customer combined with a “change in […]
Stobart Group has revealed it is abandoning its plan to launch a savings bond. In a statement to the City yesterday, the group said it had walked away from a plan revealed on 13 November that would have seen it launch a six-year retail bond with a fixed rate of 5.5% per year. The closing date for bond applications – the issue of which was being managed by investment bank Canaccord Genuity – was today (27 November). In a statement […]
Palletline has completed its newly created business development team line-up, welcoming Amy Liston, Robert Carter and Peter Stewart to the pallet network.
Vehicle Weighing Solutions (VWS) is adding a new production facility to its Chesterfield location as it prepares for future growth.