UK Mail has revealed a pre-tax profit of £12.9m for the 12-months ended 31 March, down 19.5% on the previous year mainly due to a £2.2m hit from closure of four depots. Group turnover for the year was up by 8.4% to £429m, however, when adjusted for the increase in Royal Mail prices implemented on 6 May 2011, revenue increased by just 3.2%. The company says the results reflect UK Mail’s resilience during a year of tough trading in markets […]
Deutsche Post DHL has reached an agreement to buy UK Mail, in a deal that values the delivery company at £242.7m.
Share prices in the industry have not changed dramatically since last week. Most have seen a small increase in value, apart from Stobart, which saw its share value remain static.