Turnover at UK Mail Group is ahead of expectations as its parcels business continues to post double-digit growth in the B2C sector. In a pre-close trading update issued today (25 September) UK Mail said that reported turnover for the first half of the year would show a 7% year-on-year improvement – and even excluding for an extra three working days in the period, the increase was 4%. Its parcels business continues to be the main driver of growth with average […]
Hermes has teamed up with ByBox to offer a parcel locker delivery and collection service for SMEs and online retailers.
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]