The acquisition of Framptons Transport Services by Gregory Distribution (Holdings) boosted the latter’s pre-tax profit by 25% in 2015. The group’s annual accounts for the year to 3 October 2015 show pre-tax profit rose to £6.1m from £4.9m in the previous year. Turnover increased by 13% from £146.3 to £165.3m in the period. Gregory Distribution, which has its headquarters in North Tawton in Devon, said as well as the boost from the purchase of Shepton Mallet-based Framptons, which contributed £781,000 […]
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year.
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