NFC sale delayed
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HE SALE of shares in the Govrnment-owned National 'eight Company has been delied and is unlikely to go ahead efore mid-1982.
Legislation in the 1980 Transort Act provided for the sale of FC holdings and this was exected to take place this spring. The delay has been due to FC's loss of the British Rail md/rail parcels business and its oor performance because of le recession, which at the molent makes the company an nattractive proposition.
The National Freight Cororation made a £10.3m trading rofit in the first nine months of 380 compared with £12m durig the same period of 1979. But et results showed a £7.6m loss ompared with a £4m loss in 379.
Trading profit for British Road arvices was £6.6m (compared ith £7.3m in 1979); National arriers made a loss of £1.3m 2.3m profit); Roadline UK, a 1.6 loss (£2m loss); Special .affics, a £2.3m profit (El .4m); ckfords Removal and Travel roup, £2.9m (£2.2m); and .mpco £1.1m (£0.5m).