As many as 2,000 Whistl employees in the UK are facing the threat of redundancy, after the company took the decision to suspend its final mile delivery service. Whistl, previously known as TNT Post, said it had made the “difficult decision” to suspend the service in London, Manchester and Liverpool, after potential investment partner LDC, a branch of Lloyds Banking Group, decided against funding the company’s expansion plans, late last month. The operator said: “Following the announcement from LDC that […]
Whistl UK posted a loss in the year it begin a nationwide roll-out of its own final mile delivery network.
Parcel delivery network APC Overnight made a £4.42m pre-tax profit last year, a 30.4% increase on the previous year’s figures. Turnover for the year ended 31 March 2012 rose 13.5% to £65.7m (2010/11: £57.9m) as a result of increased customer demand. Chief executive Syed Ziaullah said: “These results really are a reflection of the huge surge in customer demand seen right across the business during the last financial year. “We pride ourselves on delivering the best service in the business […]
LaFarge and Tarmac owner Anglo American have revealed the executive team that will oversee their UK joint venture. Jamie Pike has been named as the venture’s non-executive chairman, Cyrille Ragoucy as chief executive and Guy Young as chief financial officer (CFO). Pike was chief executive of Foseco, a business serving the foundry and steel making industries. Ragoucy is senior v-p of health and safety for Lafarge, while Young is CFO at Tarmac. The joint venture will combine Tarmac’s and Lafarge’s […]