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 […]
UK Mail Group saw a 20% increase in parcel volumes and improved performance in its pallets division during the third quarter, it has revealed in an interim management statement today. The firm saw an increase in turnover for its pallets business during the period, after seeing a significant decline in operating profit for the division during the first six months of the financial year. Group sales were “above [our] previous expectations” for the period covering 1 October to 31 December […]
Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts.