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Pons RILL Christian Salvesen's pre-tax profit for the six months
Page 6
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to 30 September fell 174% to £17.1m while turnover rose 17.80/e to £4112m. The firm blames fuel prices and a downturn in the German and Spanish markets.
OIL SUSTENANCE
Food distribution accounts for 33-40% of all UN road freight according to a new report, Eating WI, commissioned for food charity Sustain and farming charity Elm Farm Research Centre.
DROP PREDICTION Analysts predict a 40% drop in profits for shipping and logistics group P&O for 2001 and 2003, due to a downturn in container and bulk shipping.
CHARGING INQUIRY Westminster Council is demanding an evaluation by the National Audit Office of Mayor Ken Livingstone's proposed congestion charging scheme, before the plans are finalised. The council is questioning the scheme on the basis of whether it provides value for money.
PLANE SPOTTERS
The fate of truck driver Gary Fagan was hanging in the balance as CM went to press, after he and 11 others were arrested in Greece for allegedly filming military aircraft while on a planespotting holiday. Three judges were due to decide whether the plane-spotters will face trial, possibly for espionage,
MEDFORD Anglo-Italian truck maker Ivaco Ford will finish the year in the black according to boss Guiseppe Franchi. Speaking to journalists last week, Franchi declared that the UK truck market was going through a "somewhat turbulent period". But he predicted: "We will finish with a positive financial result.''