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 […]
John Jempson and Son saw profit more than double in 2015 boosted by the sale of its Palletforce shares.
Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover.
Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]