Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m. CitySprint’s management team remains the biggest shareholder in the business, and its other investor Dunedin has retained a stake in the business, but a spokesman for CitySprint said it “wasn’t as big a stake as it had previously held”. The business said the deal will “accelerate the next stage of its growth”. The deal comes as […]
Delivery management company Whistl is looking to hire 50 drivers at its newly opened Bedford super depot as it continues its drive into the parcels market.
Delivery management firm Whistl has launched a trial in three locations of a new delivery service for low volume e-tailers who cannot access competitive parcel pricing due to their low volumes.
Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year.