Rentokil Initial has sold City Link to turnaround investment firm Better Capital. City Link MD Dave Smith will continue to lead the company through its transformation programme, under the deal, which will see Better Capital invest in the parcel carrier. The change of ownership, which is effective as of today (29 April), will secure £40m in future funding for City Link. MD Dave Smith said: “This is great news for our customers and our colleagues. We will all benefit from […]
Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover.
UK Mail Group saw turnover and pre-tax profit climb last year thanks to increased volumes, winning new business and retaining existing customers in its parcel and mail divisions.
Building work for DPD’s £100m East Midlands parcel hub is likely to begin in August, following the granting of planning approval.