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 […]
Bibby Distribution Services (Holdings) slipped into the red to the tune of almost £4m in the year to 31 December 2012, compared with a £4.5m operating profit the previous year.
UK Mail Group has been given the green light to develop its new hub in Coventry, following its agreement with the DfT earlier this month.