Pallet-maker Brambles sees profits lift

The world’s biggest supplier of pallets increased underlying profits by 29% today as it prepared for the £595m (€878m) sale of a major UK business.

Anglo-Australian company Brambles described trading at its CHEP pallets business as “very strong”, while the 12 months to the end of June also saw a strong improvement for its UK-based Cleanaway waste management arm.