CitySprint’s series of acquisitions over the past 18 months has seen its turnover top £100m for the first time, but the same-day courier is now targeting organic growth for 2013. Pre-tax profit rose 33.6% to £10.64m (2011: £7.9m) in the year to December 31 2012 as turnover increased 36.1% to £101.1m (2011: £74.3m). This is partly due to the fact that 2012 was the first full year in which the firm incorporated activities from the acquisition of Lewis Day in […]
Same-day delivery company CitySprint has said its Christmas peak was later than ever in December, as more online shoppers left their orders to the last minute.
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 […]
DHL Supply Chain has won a £14 million contract renewal with Travis Perkins Group, which will see it handle 160,000 deliveries per year. The three and a half year contract extension will see the firm manage national transport operations from the builders merchant’s Northampton DC, moving 20,000 loads annually. It will transport goods for the group’s retailers, including Wickes, Tile Giant, City Plumbing Supplies, City Heating Spares and Toolstation, to 1,000 branches nationwide. DHL has worked with Travis Perkins for […]