Wincanton shares up on Dairy Crest contract renewal
6th Aug 2015 09:33
(ShareCast News) - Shares in Wincanton were up after the company renewed a contract with milk giant Dairy Crest. The distribution firm's share price rose 1.37% to 192.60p at 0944 BST. Wincanton, which has partnered with Dairy Crest for more than 20 years, said in a statement it would continue to c
Read moreWincanton shares up 3.7% on new B&Q distribution deals
4th Aug 2015 11:13
(ShareCast News) - Shares in supply chain specialist Wincanton rose 3.7% to 188p after the company announced a brace of deals with Kingfisher DIY unit B&Q. The company said it had won a new five-year contract to manage all six of B&Q's national distribution centres. It already runs one of the cen
Read moreWincanton wins new contract with BAE
20th Jul 2015 10:17
(ShareCast News) - Chain solutions supplier Wincanton has won a new contract with aerospace and defence group BAE Systems. Under the agreement, which will begin with immediate effect, Wincanton will provide goods management and inspection, storage and packing, and transportation services in BAE Syst
Read moreWincanton's trading on track thanks to series of contract wins
16th Jul 2015 11:06
(ShareCast News) - Wincanton said that trading in the current financial years was on track to meet expectations on Thursday, thanks to a series of contract wins. The supply chain services company saw its contract logistics segment win deals with bicycle and auto parts retailer Halfords and food comp
Read moreSupply chain firm Wincanton finds replacement CFO
8th Jul 2015 08:41
Wincanton has a new chief financial officer, following a management shake-up. In April chief executive Eric Born said he would step down and would replaced by current CFO Adrian Colman this August. Tim Lawlor has been picked to fill Colman's vacant spot for a pay packet of £295,000, excluding bonus
Read moreWincanton announces new CEO
13th Apr 2015 08:45
Wincanton's chief executive officer, Eric Born, will step down from his role on 1 August, the supply chain solutions provider said on Monday. The London-listed group added that Born will be replaced by Adrian Colman, who joined the company in 2013 and is currently serving as the group's finance dire
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreWincanton faces margin pressure in retail and bulk goods
5th Nov 2014 08:28
Wincanton warned that it was facing margin pressure in areas such as retail and bulk transport as the road haulier reported a modest rise in first half earnings. Wincanton said pre-tax earnings before interest, depreciation and amortisation lifted to £32m from £31m in the six months to 30 September
Read moreSunday share tips: Wincanton, Royal Mail, Petropavlovsk
20th Jul 2014 22:42
Markets are underestimating the turnaround story at small-capitalisation haulage firm Wincanton. The current consensus of analysts' estimates is calling for pre-tax profits to come in at about £25m this year, followed by a small increase to £26m next year, on the back of largely flat revenues. Howev
Read moreWincanton trading in line but facing competitive pressure
16th Jul 2014 08:52
Road haulier Wincanton warned that it was facing tough competition from rivals as it reported trading in line with hopes. Wincanton said the UK construction industry was still doing well, but it was facing competitive pressures in other markets as customers tried to keep costs down. "The board is
Read moreWincanton refinances main banking facility
19th Jun 2014 08:24
Road haulier Wincanton said it has signed a new banking facility for a further five-year term through to June 2019, supporting its medium-term funding requirements. The group, one of Europe's largest logistics providers, said the refinancing comprises a new £170m facility with improved pricing.
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreWincanton annual profit powers ahead
5th Jun 2014 07:45
- Annual pre-tax profit rises 20.2% - EPS growth of 25% - Slashes debt, continues with cost reductions Logistics and haulage group Wincanton said strong levels of contract renewals and a good stream of new business helped it report a strong set of full-year figures. The group, one of Europe's lar
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreFriday tips round-up: Booker, Wincanton
4th Apr 2014 08:04
Cash and carry outfit Booker on Thursday reported a 1.9 per cent rise in like-for-like sales for the latest quarter, or 16 per cent when sales from its recently acquired unit Makro are factored in. Interestingly, had it not been for tobacco sales, which took a hit from point-of-sales regulations and
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