Turnover at UK Mail Group is ahead of expectations as its parcels business continues to post double-digit growth in the B2C sector. In a pre-close trading update issued today (25 September) UK Mail said that reported turnover for the first half of the year would show a 7% year-on-year improvement – and even excluding for an extra three working days in the period, the increase was 4%. Its parcels business continues to be the main driver of growth with average […]
UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs.
The MT basket of transport shares continues to have a little wobble in September, but it is worth keeping in mind just how much share values of transport firms have risen in the nine months of the year so far – pointing towards a more sustained recovery in the sector.