Profit at TNT UK almost quadrupled in 2012, during a year that put parent company TNT Express under pressure while the proposed takeover by parcel giant UPS was being considered. Pre-tax profit soared to £13.8m for the year ended 31 December 2012, after a year that saw it slip to £3.4m in 2011. It said the rise was due to “cost saving initiatives and operational changes”, as well as restraining its spending. Turnover, however, remained broadly flat at £782m, down […]
High street retailer Next has extended its contract with Hermes extending their relationship to over 30 years.
FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty.