Whistl saw its pre-tax profit crash by more than 400% last year after ending its foray into the final mile delivery market, but predicts it will have recovered by the end of 2016. The company abandoned the final mile trials it was running in Manchester, Liverpool and London in June 2015 after its financial backer LDC withdrew its support. CEO Nick Wells accused Royal Mail of “screwing” Whistl’s operation by behaving anti-competitively. An Ofcom investigation into final mile access is […]
Growth in Royal Mail’s parcels division is disappointing in the context of a booming e-commerce market, according to an industry researcher.
Rising demand for warehouse space and a welter of contract wins helped boost Howard Tenens’ group turnover from £57.1m to £64.7m in the year to 30 September 2014.