City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around. City Link narrowed its deficit by 40% in 2013, posting a £21.1m pre-tax loss (2012: £35.9m loss). This came despite a 10% decrease in turnover from £321m in 2012 to £289m in 2013, as it moved away from loss-making contracts. The company described the results for the year to 31 December 2013 as a […]
City Link parent Rentokil Initial is optimistic the troubled parcel carrier is on the road to recovery despite its latest results showing losses increased in the first three months of the year. In his statement to the market, Rentokil Initial CEO Alan Brown, says City Link losses were higher than the previous year but that performance of the business improved through the first quarter as its new management team started to implement their plans. Brown adds: “We expect a significant […]
Two major business wins helped turnover at Norfolk haulier Jack Richards & Son increase by 13% last year.