Whistl has completed its management buyout deal (MBO) from former parent company Post NL. The MBO was announced in July, when Post NL announced it would retain just 17.5% of the company, as opposed to the 100% it held until now, giving Whistl control of the remaining 82.5%. When the deal was announced, Whistl chief executive Nick Wells said it would give the company, formerly known as TNT Post, more freedom in its approach to the UK mail market. He […]
Ceva Logistics, which recently saw its long-running relationship with Crown Paints extended, has seen group profit fall after its contract logistics businesses was affected by Europe’s economic malaise. While revenue in the first half of the year was up 5.5% at €3.5bn (2011: €3.4bn), EBITDA slipped 10.5% to €136m (2011: €152) as a consequence, despite growth in the group’s ocean freight business. John Pattullo, chief executive of Ceva, says: “Transpacific volume and weakness in Southern Europe remain a concern. As […]
Knowles Transport turned in a strong performance last year, with significant increases in revenue and profits – and its MD said he remains cautiously optimistic about the future.
A new book telling the inside story of how TNT UK worked with newspaper publisher Rupert Murdoch to break the union stranglehold on Fleet Street has already been reprinted.