Three of the executive directors of Clipper, the logistics services supplier, have sold shares for a total of £4.2m. Clipper’s share price which was around 260p in early 2020 has risen throughout lockdowns reflecting the surge in demand for last-mile logistics. The directors, Steve Parkin, Anthony Mannix and David Hodkins, realised 840p for their shares.
Clipper had advised in August that the shift to online retail was fuelling its growth and reported a 39.1 per cent increase in revenues for the year ending 30 April 2021 and a pr- tax profit of £26.7m. Its strong performance has continued with new contracts including one with Life Style Sports and an extendable three-year term to provide John Lewis with additional eCommerce and store replenishment services.
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