Whistl UK posted a loss in the year it begin a nationwide roll-out of its own final mile delivery network. Its annual accounts for the year ended 31 December 2013 show that the company recorded a £8.1m pre-tax loss, compared to a pre-tax profit of £5.7m the previous year. Whistl declined to comment on the results, but financial reports published at Companies House said turnover grew “in line with anticipated growth of the company”. Its turnover for the year increased […]
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.
Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]
Union Unite has said that it is looking to work in a “positive and constructive manner” with the management at AM Widdowson & Son after it emerged that a recovery plan at the Leicester haulier would involve 50 redundancies.