Shares in Wincanton (WIN) slid 7 per cent after the haulier confirmed there will be "no material benefit" from lower fuel prices. In an otherwise positive trading update, the logistics business disappointed investors by saying that any risk from lower fuel prices is passed onto customers.
Margins in its vehicle maintenance and repair business Pullman Fleet Services, meanwhile, were also reported to be under pressure. But elsewhere the message was of growing activity spurred by business wins from new and existing customers.
This was certainly the case in both its construction and defence units. In November a five-year deal was inked with rental company Lavendon, while last month the defence segment was boosted by a contract to provide logistical support for BAE System's UK shipbuilding activities.
