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 […]
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the FTSE 250 for that matter, the total value of the basket hit a record high today of 1,842.
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.
2013 was a year of moves forward for every transport firm listed on the Stock Exchange. And while we lost CityLink (to a management buy-out), we gained Royal Mail – and a whole heap of market capitalisation. So without further ado – let’s find out who the big winners were!