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Exel
Page 28
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Shares fell to a low of 25.04 in March 2003, but have since climbed to 07.89 following strong results which saw its 2003 pre-tax profit rise 10% to £148Arn on revenue up 8% to E5.06bn. The firm reported that it secured more than £700m of new business last year, up from £625m in 2002.
Wincanton
Wincanton shares rallied 2.2% over the past month to £2.33 after the firm announced it had secured another £25m deal with Waitrose, extending both its in-store wines and Wines Direct warehousing contracts by five years.
Christian Salvesen
The shares hit an all-time low of 29.5p in February 2003, but have recovered to climb over the 70p mark in recent weeks after new contract wins.
TDG
TDG's shares have risen 10% over the past month to £2.06 after the firm announced a multi-million pound, five-year deal to manage Argos's first Scottish regional distribution centre. The firm's 2003 results showed it made a pre-tax profit of £22.6m, which is on a par with last year. However, turnover fell 5%, from £.566.6m in 2002 to £.540.9m. It has completed its withdrawal from France at a cost of £16m.
Tibbett & Britten
Tibbett & Britten reported revenue up 8% to £1 .6bn but the shares fell after restructuring difficulties put a squeeze on profits at £15.5m. It made strong progress in the UK, with new business wins with B&Q, The Big Food Group, Boots. Homebase, Marks & Spencer, Sainsbury and Tesco among others,
Dart
The company says trading is currently in line with expectations and significant progress has been made in amalgamating its two distribution divisions, Fowler Welch-Coolchain and Channel Express, into a single entity. This should be complete by the end of March.