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 […]
TNT Post UK has secured funding to roll-out a final mile delivery service across the UK, in a bid to rival the service currently provided by Royal Mail.
Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins.
It is an unrealistic consumer expectation, not poor performance from parcel carriers, that has led to a report suggesting a third of peak-time parcels are delivered at the wrong time, according to a market expert.