Fowler Welch trading in-line with tough market expectations

Leeds Bradford Airport, UK:  Fowler Welch which supplies major retailers with chilled and ambient goods, is “trading in line with expectations in a sector that continues to experience tight margins” says Philip Meeson, chairman and chief executive of Fowler’s owner, Dart Group, in a trading update.

“What’s very difficult is to get price rises,” said Meeson. “Fuel costs are passed on… but other prices are difficult to pass on as they are in aviation.”  Dart also owns budget airline Jet2 which reports increased passengers in the six months to the end of September. Analyst Peter Ashworth, at Charles Stanley stockbrokers, said: “In light of this update we anticipate a rally in the shares.”

Current market forecasts are for full-year pre-tax profits of about £30m and earnings per share of 16p, Ashworth said.

WORLD NEWS

Krone Cool Liner celebrates 25 years

Werlte, Germany: Krone launched its first refrigerated trailer in 1996 and to mark the 25th anniversary a special Edition of the trailer is being launched. …

READ THE FULL STORY >

Bolloré Logistics to open new pharma unit

Roissy, France: Bolloré Logistics is to handle healthcare product in its Roissy hub with an 800m2 extension of a pharmaceutical unit. This will give Bolloré …

READ THE FULL STORY >

New coldstore for Brussels Airport

Brussels, Belgium: Brussels Airport has opened refrigerated storage for Kuehne+Nagel, Worldwide Flight Services and Expeditors. Kuehne+Nagel is expanding its activities at Brussels Airport for handling …

READ THE FULL STORY >

Cryoport buys Australian logistics provider

Nashville, Tennessee, US: Cryoport has acquired Critical Transport Solutions Australia for US$5million.It will continue to be run by the current management team but as part …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Hultsteins appoints Longhurst Refrigeration as its UK aftersales service partner: bit.ly/3x65xK8 pic.twitter.com/pm8lz8b0iD

© 2021 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ