Cambridgeshire transport and storage provider Knowles Transport managed to generate an 11.4% pre-tax profit margin in the year to the end of December 2013 despite a sharp drop in turnover, figures logged recently at Companies House have shown. Turnover for the year fell almost 18% from £33m to £27.1m; pre-tax profit fell over 25%, from £4.2m to £3.1m. In its financial statement for the year, the company described the results as “pleasing, given the current trading environment”. Business development director […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.
The Co-operative Group has confirmed that a significant number of staff will take redundancy, following its move to consolidate two DCs. Its Wellington, Somerset and Portbury, Bristol DCs will merge into a new £20m regional distribution centre at Avonmouth. A spokeswoman for the grocery retailer told MT: “As planned, as the new DC at Avonmouth begins operation, there will be a phased reduction in the number of employees at our Chelston site in Wellington and at our Portbury site. “All […]
Developer PLP has gained planning consent for a 343,000sq ft speculative warehouse at Smithywood Business Park in Sheffield and plans to begin construction before the end of this year.