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.

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.