Clipper Logistics and GXO reach agreement on cash and share offer
Clipper Logistics is set to recommend a cash and share offer from GXO to its ...
Clipper Logistics today reported first-half EBIT had increased 23.2% to £7.6m, on revenues of £164.9m, with growth bolstered by a click and collect joint-venture with retailer John Lewis.
The results indicated an upward trend in profitability for the London Stock Exchange-listed group, with the rate of EBIT growth up on both last year’s six-month performance (18.1%) and its full year results for the period ending April 2016 (21%), and ahead of the revenue growth rate of 16.5%.
Steve Parkin, executive chairman of ...
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