Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed. The parcels firm – which Connect Group acquired in November last year and subsequently said was exceeding expectations – put in a “really strong performance” in the eight months to the end of the financial year, bringing on around 1400 new customers, growing business from existing clients […]
Deutsche Post DHL’s purchase of UK Mail has completed, meaning the postal operator is now fully owned by the German company.
In November, City Link’s parent Rentokil revealed the express parcels firm had recorded a loss for the first nine months of the year of £24m, albeit £1m less than that posted in the same period of 2011 on revenue up £7m to £225m. Nevertheless Rentokil chief executive Alan Brown reaffirmed his faith in the management team City Link MD Dave Smith has assembled – largely from former colleagues from Royal Mail – and the latest three year recovery plan that […]
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball.