Hoyer Group has hailed its “highest turnover in its history” but conceeded challenges remain for its UK division. Ascribing the group’s success to a solid strategy, balanced portfolio and commitment to traditional family values, its UK Petrolog division had a tougher time than the group due to the “general economic climate and the structural changes which are affecting in particular the UK retail petroleum market”. The Hamburg-based group’s turnover for the 2013 business year was €1.09bn (£872m); up 5.1% on […]
The chancellor has frozen fuel duty in his Autumn Statement today, meaning the scheduled rises scheduled for January and April next year will no longer take place. George Osborne gave no hint of a cut but said fuel would only see “inflation only rises” until September – effectively meaning the April 2013 increase has been deferred to 1 September 2013. PriceWaterhouseCoopers forecast the move would cost the public coffers £6bn, although research commissioned by campaign group FairFuelUK argued the planned […]
The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%.
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.