It is amazing what an up-beat trading statement can do. Transport related shares have been stuck in the doldrums for a while, but all it took was for UK Mail to say it saw its highest ever daily volumes across its parcels and mail divisions in March, and it is jolly hockey sticks all round UK Mail is the success story of the past seven days. Year-on-year volumes are up 11%; parcel volumes are up; mail volumes are up and […]
UK Mail’s forced move to new premises has had a disastrous short-term impact on the business with full-year profit now expected to be half that achieved last year, the company warned today.
UK Mail Group has been given the green light to develop its new hub in Coventry, following its agreement with the DfT earlier this month.
Last week, Dart Group revealed a near to 13% pre-tax profit rise for its transport operation, Fowler Welch. Off the back of this, which saw profit climb from £3.9m to £4.4m for the year ended 31 March 2013 at Fowler Welch, its group share price has continued to move northwards, today leaping to £2.40, up from £2.14 last week.