N 0 one should be surprised that the National Freight Consortium,
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one of the great innovators in British industry, is to break new ground by holding its next annual general meeting on a Sunday. This will enable shareholders in Pickford Travel, who work on a Saturday, to attend.
Almost 2,000 members of the NFC family are expected at Nottingham tomorrow to discuss plans for the future ownership and control of the consortium. All shareholders will have been primed by a booklet summarising the proposals and at 40 special meetings held all over the country in January.
For many of them the present is more important than the future and for them there is splendid news. The consortium increased its pre-tax profit in the first 48 weeks of 1984-85 by about 66 per cent to 02.1m despite trading losses of some 1:8.6rn on parcels work.
This has enabled a fourth interim dividend to be declared, to bring total dividends for the year to 2.5p per lop share, now valued at 83p. Small wonder that on the most recent dealing day (September 6) twice as many people wished to buy shares as were willing to sell them.