Markets News

Logistics firm Wincanton forecasts strong outlook on online grocery boost

Nov 5 (Reuters) - Logistics company Wincanton on Thursday resumed dividends and said it expects annual results to be ahead of market expectations, as a surge in online grocery shopping during the COVID-19 pandemic boosted its business.

The company, which provides so-called eFulfillment services to companies such as Waitrose, Asda and Morrisons, saw first-half revenues fall 2.4% to 578.7 million pounds ($752.89 million), mainly due to weakness in construction, energy and container markets.

The warehouse and transport provider declared an interim dividend of 2.85 pence per share. ($1 = 0.7686 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber)