A growing customer base and increased network capacity drove growth at Tuffnells in the year to 31 August 2016 results, underpinning a successful performance for owner Connect Group. The parcel firm, which specialises in irregular dimensions and weights, saw turnover increase 7.3% year-on-year, from £162.6m to £174.4m. Its operating profit for the same period grew 4.9% to £15m (2015: £14.3m), though the company’s profit margin would have been even higher if not for investment in infrastructure. This saw the company open new depots […]
The TNT Express brand will remain intact following its €4.4bn (£3.4bn) acquisition by FedEx, which was completed this morning.
Whistl is to take a controlling stake in its business after negotiating a deal with former owner PostNL, which is set to be signed once the details have been confirmed.