Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts. The company made its fifth loss in a row, recording a pre-tax loss for the year ended 30 June 2014 of £73m – equivalent to losing £1.4m a week. The result was an improvement on the £98m pre-tax loss made in 2013 and turnover at the parcel delivery firm also increased from £379m a year earlier […]
TNT Express has seen a drop in both turnover and operating profit, following the loss of a contract with a major fashion retailer in the UK.
Hermes Group, parent company of UK parcel carrier Hermes Parcelnet, has seen “significant growth” in turnover for the twelfth year running, which it attributed to the rapidly growing e-commerce sector.