UK Mail’s forced move to new premises has had a disastrous short-term impact on the business with full-year profit now expected to be half that achieved last year, the company warned today. Due to the advance of HS2, UK Mail moved to what should be an almost fully-automated new hub in Ryton, Coventry from its previous home in Birmingham, which was purchased by the DfT. The operator had hoped the switch would see it increase the proportion of parcels it […]
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
Firms thought to be left out of pocket following the administration of car transporter Eulos.EU will now receive a distribution after an unexpected insurance settlement led to an £11,000 payout.
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.