On the wires: Hapag-Lloyd – worth $76bn; Q1 $4.7bn income; 0.4% tax rate
There’s one for you, nineteen for me
There were some very valuable observations made by Wincanton’s management during its half-year results presentation last Friday.
Worth a reminder: since this time last year, the £460m-market cap group has slimmed down into a pure-play contract logistics operator (PPCLO) following the disposals of its non-core container haulage division and Pullman truck maintenance operations.
Year-on-year financial comparisons were relatively absent of meaning, argued CFO Tim Lawlor, who is set to depart the business for a property group in March next year, although revenues ...