Netherlands-based post and parcel firm PostNL – parent company to TNT Post -has sold part of its stake in TNT Express. The company revealed the sale of half of its share in TNT Express last week. It formerly held around 30% of the business’s outstanding share capital. The sale commenced on Friday (6 December) and will close on Thursday (12 December) and PostNL has valued the sale at €507m, approximately €6.20 per share. PostNL has held a 30% stake in […]
DPDgroup has increased its majority shareholding in e-commerce delivery company WnDirect to 83%, effectively taking full control of the business.
Yodel made its seventh loss in a row in the year ended 30 June 2016, while its sister company Arrow XL saw its pre-tax profit leap by more than 500%.