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Clipper drops on sudden results release

Clipper drops on sudden results release

Clipper Logistics’ (CLG) shares have plummeted, reflecting management’s concerns over future contract conversion rates. The group, which provides delivery operations and services mainly to retail clients, said “wider forces” negatively affecting the sector had forced it to bring “an element of caution” to future planning. But chairman Steve Parkin insisted recent contract wins and a strong new business pipeline means the group is still well positioned for future growth.  

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