The level of financial standing standard O-licence holders will have to demonstrate is likely to increase in 2017, due to the drop in the value of the pound against the euro. The FTA estimated that the financial standing rate will increase by around 15% from 1 January, taking it from £6,650 to £7,800 for the first vehicle, and from £3,700 to £4,300 for each additional vehicle. Under EU law, the rate is set at €9,000 for the first vehicle and €5,000 for subsequent […]
Removals firm Pickfords suffered a small decline in turn-over and profit in the last financial year but still managed to keep well ahead of its performance two years ago.
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 has revealed that its UK operation saw a 2% year-on-year decline in turnover in the first quarter of its financial year, just a day after reports that the company submitted an objection to an ongoing Ofcom investigation into its pricing regulations emerged.