NWF Group said in a trading update it had continued to outperform and as a result the board anticipated full year results to be significantly ahead of revised expectations. The specialist UK distributor of fuel, food and feed said that the increased expectations were led by its fuels business, as a result of “exceptional circumstances” – due to the short-term volatility in oil prices and a supply-constrained UK fuel market. The update comes just three weeks after its last upgrade […]
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the FTSE 250 for that matter, the total value of the basket hit a record high today of 1,842.
Boughey Distribution has seen turnover and profit boosted in the past six months following the consolidation of its Deeside operation into its site at Wardle, Greater Manchester.
NWF Group’s chief executive has praised the company for its “strong” performance in the face of Brexit, Covid-19 and a cyber-attack – despite a fall in both revenue and pre-tax profit.