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 […]
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!
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.
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]