Yodel has made its sixth pre-tax loss in a row, two years after it failed to hit its self set target of turning its first profit. The carrier blamed unexpected parcel volumes over Black Friday weekend in 2014 for the loss in the year ended 30 June 2015, which it said drove “significant operational stress and cost over-runs”. Yodel said it saw a 14.5% increase in parcel volumes over the year. According to results filed at Companies House, the group made […]
UK Mail’s forced move to new premises has had a disastrous short-term impact on the business with full-year profit now expected to be half that achieved last year, the company warned today.
Royal Mail’s profit warning has been met with shock by analysts who have warned that the group faces relegation from the FTSE 100 if it cannot tackle its productivity problem.