Lloyd Fraser said it was in a strong financial position with healthy cash reserves after reporting a 3.4% increase in turnover last year. The logistics group, which specialises in fashion transport, bulk liquids and FMCGs, also increased its pre-tax profit by 3.6% to almost £1.3m in the year ending 31 August 2013. Turnover rose to £47.3m during the period, with around £640,000 of this derived from business in Europe. The company said its future strategy will be to focus on […]
Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m.
Royal Mail has revealed that its UK operation saw a 2% year-on-year decline in turnover in the first quarter of its financial year, just a day after reports that the company submitted an objection to an ongoing Ofcom investigation into its pricing regulations emerged.
City Link narrowed its losses by 54% in 2012, but a reduction in volumes from higher margin B2B customers meant that its performance was behind the expectations of parent company Rentokil Initial.