Deutsche Post DHL has reached an agreement to buy UK Mail, in a deal that values the delivery company at £242.7m. DHL said the cash offer is part of an ongoing expansion of its European parcel network, designed to meet demand for more cross-border deliveries from its customers. The acquisition comes after a turbulent couple of years for UK Mail, which saw the installation of incompatible sortation technology at a new site and its profit slashed 80% in the immediate fallout. […]
Retailer Poundland has been given the green light to develop a 350,000ft² DC in Harlow to replace the DHL-operated Hoddesdon site.
Deutsche Post DHL has been hit with a tax bill for more than half a billion euros, after a ruling by German financial authorities. DHL will need to make an additional €516m VAT payment after a review of how it handled tax relating to postal services. The period investigated ran from 1998 until July 2010, when the law governing VAT and postal services was revised. In a statement DHL says: “A large part of the additional payment amount relates to […]