GXO cleared to complete £960m Wincanton purchase
Pure-play contract logistics operator GXO has finally won clearance from UK competition regulators for its ...
The preliminary annual results from Wincanton were little short of inspirational for shareholders, with the cherry on the cake: the reinstatement of a dividend.
It’s the first for five years. Wincanton has proposed to pay out £6.7m, which is well covered by net earnings and implies a rich 2.9% forward yield based on the current price of 190p a share.
Wincanton is an asset-light business looking to attract yield-starved, buy-side fund managers at a time when the shares of several logistics companies offer decent yields ...
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