UK Mail Group has made a “satisfactory” start to its financial year, with revenue up by 13% compared with the same period last year, or by 10% if excluding Royal Mail price hikes implemented on 2 April. First-quarter results, for the period 1 April to 10 July, show mixed fortunes across the group’s four divisions – parcels, mail, courier and pallets – with tight cost control remaining a key focus across the board. The parcels business showed good growth in […]
Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p.
City Link parent Rentokil has blamed a decline in both volumes and rates for the parcel firm’s “disappointing” £31.3m pre-tax loss during 2011, compared with a £9.6m loss the previous year, on a revenue down 8.5% to £306.9m. […]
UK Mail saw a 25% year-on-year increase in daily parcels volume during the first quarter of this year, the post and parcel carrier has revealed.