Wincanton has signed a conditional agreement to dispose of the operations of its container business to Maritime for around £1.5m. Net liabilities of approximately £1m, primarily in respect of leased fleet, will transfer to the buyer. After fees and provision for costs of separation, the group expects to report a small exceptional gain on disposal. The group said the transaction will reduce its annual revenue by approximately £60m and will lead to a small increase in the group’s underlying profit […]
Membership numbers and turnover increased at the FTA last year, but its pre-tax surplus fell.
Stobart Group has reported a “satisfactory” start to the year, despite low volumes from FMCG customers in its Eddie Stobart transport and distribution division.
Rhys Davies and Sons’ decision to ditch its unprofitable accounts last year has been vindicated, the Cardiff-based logistics and warehousing company said in its latest annual results.