UK Mail remains confident about its long-term prospects, and has now got a handle on problems at its new sortation hub that are set to have a significant impact on its full year earnings. In a trading statement released today, the group said its overall group performance was “in line with [the] revised expectations” outlined in its latest figures for the year ending 31 March 2015. The operator was forced to move to its new hub in Coventry because […]
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.
UK Mail’s share price continues to climb as does its turnover. The company said this week that it has seen year-on-year daily parcel volumes increase by 25% in the first quarter of this year, with Q1 turnover also up 6%.
UK Mail Group saw turnover and pre-tax profit climb last year thanks to increased volumes, winning new business and retaining existing customers in its parcel and mail divisions.