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 […]
TNT UK made a pre-tax loss for the fourth year running in 2017, during a lengthened reporting period that brings the company in-line with parent company FedEx’s financial year.
LaFarge and Tarmac owner Anglo American have revealed the executive team that will oversee their UK joint venture. Jamie Pike has been named as the venture’s non-executive chairman, Cyrille Ragoucy as chief executive and Guy Young as chief financial officer (CFO). Pike was chief executive of Foseco, a business serving the foundry and steel making industries. Ragoucy is senior v-p of health and safety for Lafarge, while Young is CFO at Tarmac. The joint venture will combine Tarmac’s and Lafarge’s […]
TNT Express and Royal Mail’s international delivery arm GLS are among 20 parcel companies that have been fined by the French competition authority for price fixing between 2004 and 2010.