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 […]
Brian Yeardley Continental is proposing to issue a company voluntary arrangement after its events transport division, TRUCKINGBY Brian Yeardley, suffered the “devastating” loss of £12m due to the Covid-19 pandemic.
Membership numbers and turnover increased at the FTA last year, but its pre-tax surplus fell.