Over half the transport firms planning to secure bank lending in the next 12 months fear their request will be turned down, according to the results of the latest Close Brothers Business Barometer. Around four in 10 UK transport firms plan to seek lending for business growth in the next year, suggests the quarterly survey, but many in the transport sector are unsure how to fund their plans with over a third of transport bosses admitting their knowledge of funding […]
DHL Express is to invest £156m in increasing capacity at its UK hubs and depots following double-digit growth in the past four years.
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 […]
City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around.