TNT Express warns it is unlikely to hit 2015 profit target


 

TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe. In a trading update today, the express parcel carrier admitted that it is likely to take three to five years for its Outlook performance improvement strategy to show its full benefit. The Outlook strategy, which aims to improve group turnover and profit, was put into place earlier this year and incorporates its […]