Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier. In its report for the six months to 30 September, the business turnaround specialist said it expects to collect a £22m dividend from the sale of City Link’s assets. In June Better Capital estimated it would receive £20m, half of the £40m it invested in the parcel carrier following its purchase from former parent Rentokil Initial in […]
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.
A legal claim by the administrators of RPL Transport relating to a truck manufacturers’ price-fixing cartel is being pursued while the company enters liquidation.
Unite has called on the management at DHL Supply Chain to clarify what impact the administration of customer BHS could have on its operation.