31st Mar 2016 07:51
LONDON (Alliance News) - Supply chain services company Wincanton PLC on Thursday said trading has been in line with its expectations.
Wincanton said its trading performance, adjusting for the sale of its records management business to office services provider Restore PLC, has been in line with its expectations for its financial year to the end of March.
Wincanton said that, following the sale of the records management unit, it has repaid the GBP75.0 million debt owed to M&G, the fund manager owned by Prudential PLC. In addition, Wincanton has made payments to its pension scheme, taking total contributions for the year to GBP21.0 million.
Wincanton will publish its annual results on June 9.
Wincanton shares were up 1.3% to 152.00 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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