1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194 
Exel sees profits soar at half year
Page 9
If you've noticed an error in this article please click here to report it so we can fix it.
LOGISTICS GIANT Exel says it has made a strong start to the year, seeing pre-tax profits rise 14.6% to £72.2m in the six months to 30 July. Turnover rose by 15.3% to f2.6bn.
Chief executive John Allen says the benefits from recent acquisitions, including Fujitsu Logistics, helped offset the impact of a small number of underperforming Continental business units and changes to its pension service. He hopes Exel's acquisition of Tibbett & Britten will help continue this growth .
• TUG says first-half trading was in line with expectations — profit before tax stood at £5.1m compared to £7.4m a year earlier. TDG chief executive David Garman says the first half was lower than the comparable period, due to capital investment costs which rose 19% to E.14m.