Same day courier CitySprint has acquired Heathrow Baggage Services, its third acquisition in three months. Operations and staff at the luggage delivery, replacement and repair company, have been transferred to the courier’s luggage delivery arm CityBags, which was created when Lewis Day courier operations was acquired by CitySprint in 2011. Heathrow Baggage Services founder and MD George Poole said it will be working closely with CitySprint to ensure that business continues as usual for its customers. CitySprint chief executive Patrick […]
Stobart Group has revealed it is abandoning its plan to launch a savings bond. In a statement to the City yesterday, the group said it had walked away from a plan revealed on 13 November that would have seen it launch a six-year retail bond with a fixed rate of 5.5% per year. The closing date for bond applications – the issue of which was being managed by investment bank Canaccord Genuity – was today (27 November). In a statement […]
The European Commission has launched what it terms an “in-depth” investigation into the proposed acquisition of TNT Express by FedEx.
Pollock (Scotrans) made a loss in 2015 after the collapse of paper maker Tullis Russell and ongoing integration of 2014 acquisition Gilbraith (TS) made for a “challenging year”.