27th Jun 2019 10:31
(Alliance News) - Wincanton PLC on Thursday confirmed it continues to trade in line with forecasts after winning a contract with Wm Morrison Supermarkets PLC.
Ahead of its annual general meeting, the logistics company highlighted that it has secured a deal by Morrisons to provide transportation services from three distribution centres to its stores.
The new five-year contract will see Wincanton manage all transportation planning and operations from the three locations to support Morrison's network of stores. Wincanton will also be responsible for vehicle maintenance through its fleet management business, Pullman Fleet Services, at five Morrisons sites.
The company also confirmed that it intends to pay a final dividend of 7.29 pence a share on August 2 to those shareholders on the register on Friday next week.
Wincanton shares were trading 1.8 lower on Thursday in London at 262.13 pence each.
Related Shares:
WIN.L