TNT UK annual loss up by a third ahead of FedEx purchase


TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016. New accounts published at Companies House show the business’s year-on-year loss increased 32.3% compared with a loss of £16.7m a year earlier. Turnover in the year ended 31 December 2015 fell 1% to £718m (2014: £725m). The carrier’s operating margin was minus 2.9% compared with minus 2.3% a year earlier. In its accounts, TNT UK said it had seen a decline […]