Yodel’s annual loss increased by nearly half, its latest financial accounts reveal, despite a change in senior management and the firm’s extensive remodelling of its network. Loss on ordinary activities before taxation for the year ended 30 June 2013 increased 46% to £98.2m (2011/12: £66.9m). Turnover fell 28% to £389m in the same period (£539.9m). In recent years, Yodel operated a capacity cap during the Christmas peak, turning away some seasonal ad hoc work, to ensure service standards were maintained. […]
Rising parcel volume almost offset the fall in Royal Mail’s letters volume, a trading statement for the nine months ended 27 December 2015 said.
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]