Wincanton has been awarded a contract with jigsaw which went live Thursday 16th of Feb. The contract is based out of nestle purine site in hams hall. Wincanton will be responsible on storage, picking and despatch of jack Daniels, martini, Bacardi, etc. Also based at hams hall is a new contract where they will pick, store and deliver books which the name is under wraps. So watch this space......
I understand that stobart completely messed this contract up. According to stobart drivers, britvic had to suspend its production due to stobart not for filing its contract. As in none collection, delivery, stock damage and theft. Britvic had enough. Next one to go may well be Unilever which Wincanton wanted all but didn't get. So that went to stobart but the rumblings are already started. Also stobart may be about to lose the Coca Cola contract to Wincanton so watch this space....
Argos is to move the bulk of its distribution operations in Magna Park, Lutterworth to Kettering at the end of the year.
Argos to move operations from Lutterworth to Kettering.The retailer, which is now a subsidiary of Sainsbury’s, said it proposed the move because the Lutterworth distribution centre had reached capacity.
Argos is set to transfer almost 500 workers in the move.
An Argos spokesperson said, “As our business continues to grow, so does the need to increase capacity within our distribution network. Our Magna Park Distribution Centre is almost 25 years old and has reached capacity so we are proposing to transfer operations to nearby Kettering at the end of 2017. This will ensure we can continue to service our stores and offer our customers the best possible service. We will look to redeploy as many colleagues as possible with the majority of roles moving to the new site. We appreciate this will be a difficult time for affected colleagues and will fully support them.”
Argos is moving the bulk of the operation to Wincanton Logistics in Kettering.
<b>Wincanton : Wins Four-Year Distribution Deal With IKEA In UK 12/21/2016 | 07:34am GMT</b>
LONDON (Alliance News) - Retail logistics group Wincanton PLC on Wednesday said it has won a four-year distribution contract with Swedish furniture giant IKEA.
Wincanton will provide operational development services and support two new distribution centres for IKEA in the UK. The firm will lease and fit-out the warehouses on IKEA's behalf with a combined space of 500,000 square foot.
No financial details on the agreement were disclosed.
Copyright 2016 Alliance News Limited. All Rights Reserved., source Alliance News
<b><u>Valuation 2017e 2018e</b></u>
P/E ratio (Price / EPS) 9,97x 9,36x Capitalization / Revenue 0,26x 0,25x EV / Revenue 0,29x 0,27x EV / EBITDA 5,04x 4,85x Yield (DPS / Price) 3,75% 4,04% Price to book (Price / BVPS) - -1,97x
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