Tarmac has confirmed it is in consultation with staff, following media reports suggesting it intends to relocate its headquarters from Wolverhampton to Solihull as part of its joint-venture with Lafarge. The firms are looking to combine their UK activities in the cement, aggregates, asphalt and ready-mix concrete (RMX) sectors to find further efficiencies in a tough environment. According to reports, the closure of Tarmac’s Ettingshall, Wolverhampton, headquarters and the opening of a new base in Solihul is one of the […]
Ofcom is concerned that Royal Mail could potentially cross-subsidise its parcels operation through its letters business, as its market share and delivery network is much more established in the latter.
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]