The Hub

Pre-packs probed and Britain’s ‘enterprise culture’ uncovered

March 14, 2013 Christopher Walton

“Allowing directors to ‘have another go’ if they are not culpable is an important part of our enterprise culture, and can sometimes benefit suppliers of the failed business as they may wish to trade with the new business.” Believe it or not this comment came from the Department for Business, Innovation and Skills (BIS) as it announced its review of pre-pack administration legislation on Tuesday. Would it be too harsh to infer that, as a result of this statement the […]

City Link Sameday
MT Tracker

MT Tracker 14 March

March 14, 2013 Christopher Walton

A very quiet week on the Stock Exchange for transport-related shares – ahead of City Link’s numbers tomorrow (15 March). All eyes will be on Rentokil’s parcels arm to see if it posts a full-year profit. But it hasn’t stopped a rather telling trend in the past week…

Hargreaves
MT Tracker

MT Tracker 6 March

March 6, 2013 Christopher Walton

Following the themes of recent weeks the big winner in the Motor Transport tracker is Hargreaves Group – even if the performance of its transport group is slightly off target.

MT Tracker

MT Tracker 27 February

February 28, 2013 Christopher Walton

Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.

The Hub

Margins are tight in chilled distribution

February 26, 2013 Christopher Walton

On 5 September David Price Food Services entered a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The Hub has just obtained a copy of the Newcastle hauliers’ financial report for the year ending 25 August 2012 – which contains several details regarding the chilled food specialists’ current financial state.

The Hub

Harlequin Logistics scores a brace

February 26, 2013 Christopher Walton

In June 2011 Harlequin Logistics- the network comprising of Prestons of Potto, John Raymond Transport, R Swain & sons, Jack Richard & Son and Currie European – was launched with much fanfare. Last year we revealed that it had won a contract with Kelloggs – its first big win – but there are well-sourced rumours of new contracts…

MT Tracker

MT Tracker 20 February

February 20, 2013 Christopher Walton

Looking at this week’s share prices it is easy to pick out Hargreaves as the best performing company in road transport. And you wouldn’t be far wrong, if you’re measuring it over the past four weeks. The upturn is pretty stark. But it doesn’t tell the whole story…