Container rise helps Forth

Britain's only listed ports company Forth Ports yesterday reported a 29 per cent increase in profits after a rise in container volumes at its Tilbury site.

The Edinburgh-based firm, which owns seven UK ports, posted pre-tax profits of 16m in the first half of the year, although revenues were down slightly to 76.7m.

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Tilbury, which is London's major gateway port, increased container volumes by 10 per cent and should get a boost early next year when the London Olympics organising team starts using the site, including 500,000 sq ft of warehousing.