Despite volumes being hit by the first Covid-19 pandemic lockdown last year, the boom in e-commerce has seenPallet-Track rally to deliver a 57% leap in pre-tax profit. Reporting its annual results to 31 January 2021, the pallet network, which has over 70 shareholder members, revealed that hub revenue jumped by 9.5% to £18.5m (2020: £16.9m) in the period, with network delivery revenue rising 4.8% to £92.9m (2020: £88.6m). Total revenue for the year came in at £111.3m, up from £105.5m, […]
Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]
Maritime Transport has signed the Corporate Covenant, the document businesses use to pledge support to the armed forces.
Fred Sherwood & Sons (Transport) saw revenues and profit fall last year as it continued to battle the impact of the Covid-19 pandemic on its business.