UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter. Turnover in its parcels division increased 3.4% to £109.4m (2013: £105.8m) in the first half of this year, while operating profit increased marginally to £11.2m. Average daily parcel volumes increased 6%, but the majority of volume growth came in the first quarter […]
Turnover and profit both rose by some 12% last year at Newmarket, Suffolk-based Turners (Soham), as a prudent approach to rates and new business continued to pay off. In the 12 months to 31 December 2011, turnover jumped 11.9% to just under £235m (2010: £210m); while pre-tax profit rose 12.5% to £24.3m (2010: £21.6m). All three of the firm’s divisions enjoyed a significant boost during the period, with turnover up 7.69% in the temperature controlled division, 10.63% in the general […]
TNT Express has appointed Tex Gunning as chief executive after former boss Marie-Christine Lombard resigned in September.