NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest. For the 12 months to 31 March 2015, turnover fell 4% to £162.6m, compared with £169.4m the previous year. Pre-tax profit rose 28.7% to £2.2m. NFT said the dip in turnover was mostly due to a reduction in volume-related pass-through costs in open-book contracts, and lower fuel surcharge revenues. However, it also cited 18 new customers being added to […]
Unite has criticised Royal Mail for refusing to up a proposed pay increase, despite reporting a £608m profit in its latest results.
Turners (Soham) has continued its drive into the container sector with the acquisition of Goldstar Transport, creating a group with a combined turnover of more than £350m.