Report by Kirsten Bowling
ASSOCIATED British Ports is expecting its group turnover to
increase by at least 8% when its preliminary results are published on February
22.
ABP believes its sale the Red Funnel Group (Travel Weekly
December 11) and other investments has contributed to its profits, likely
to exceed £12 million.
Meanwhile Tim Bowdler will join the board of ABP directors as
non-executive director on January 1. Former managing director and chairman of
Red Funnel Stuart Bradley will be retiring after 13 years on the board.