- Clipper Logistics said earnings would fall 'moderately' short of market expectations even as revenue for the full year was anticipated to be 'slightly' ahead of current market expectations.

The company said it expected to report earnings (EBIT) for the full-year 2019 of £20.2m, moderately below current market expectations, with a corresponding uplift to EBIT for 2020. The miss comes as the company determined that profits generated from certain new contracts won towards the end of the financial year should be accounted in 2020 rather than the current year.

At 8:33am: [LON:CLG] Clipper Logistics share price was -9.75p at 215.25p

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