Trouble at TNT UK as it makes a loss


 

TNT UK saw its finances tumble into the red last year following the loss of a major contract, posting a £6.4m loss just a year after it quadrupled its pre-tax profit. In a year that saw it cut staff numbers and make managers in a number of departments redundant, TNT’s financial accounts for the year ended 31 December 2013 showed that it turned a £13.8m pre-tax profit into a £6.4m loss. The loss of a key contract with a major […]