UK Mail chief executive Guy Buswell (pictured) has stepped down with immediate effect, after the installation of incompatible parcel sorting technology at its purpose built new hub. His departure comes just a week after UK Mail’s interim results showed even greater losses than had been anticipated. It has begun a search for Buswell’s replacement, and has appointed company founder and non-executive chairman Peter Kane to fill in as interim executive chairman in the meantime. The company saw its profit slashed […]
Deutsche Post DHL has had its offer to buy UK Mail for £242.7m cleared by the European Commission, bringing the deal one step closer to completion.
Shares in road transport businesses continue to trade at record highs for the calendar year, despite a relatively quiet August and an oh-so-slight dip in the value of the MT basket of shares.