UK logistics is pretty much a private, and foreign, affair. The operators sitting at the top of the MT Top 100 are German, Swiss, Dutch , French and American. Looking at UK-based firms, very few sit on the London Stock Exchange (LSE). The number of UK logistics firms turning to the City as a means of investment has dwindled, ever since the Malcolm Group withdrew its listing in 2005. Last month Autologic was struck of the list after fellow publicly-listed […]
Clipper Logistics Group has revealed plans to float on the London Stock Exchange (LSE) this year in a bid to raise funds to support it’s growth strategy.
A “buoyant” UK logistics market helped Norbert Dentressangle (ND) boost overall third quarter 2012 revenue by 10% to €2.9bn. Turnover growth was reported across all three of ND’s business divisions, with much of this down to the acquisition of new business. Logistics revenue for Q3 2012 increased 6.4% compared to Q3 2011, with like-for-like income up 2%. Year-to-date, logistics division revenue is 13.7% ahead at €1.3bn (2011: €1.15bn). Transport operations fared less well in Q3, with revenue down 0.1% to […]
Deutsche Post DHL has been hit with a tax bill for more than half a billion euros, after a ruling by German financial authorities. DHL will need to make an additional €516m VAT payment after a review of how it handled tax relating to postal services. The period investigated ran from 1998 until July 2010, when the law governing VAT and postal services was revised. In a statement DHL says: “A large part of the additional payment amount relates to […]