Tesco is to merge with wholesaler Booker in a £3.7bn deal that creates one of the largest own-account operations in the UK, and it is targeting cost savings of approximately £61m in its distribution and fulfillment activities. In a joint statement to investors, both parties said the merger was expected to enable opportunity for cost synergies of at least £175m, mainly in areas such as procurement and distribution. Approximately 35% of these cost savings (£61m) will come from distribution and […]
August 21, 2015 Emma Shone
The TNT shareholders have between Monday and 30 October to accept the proposed acquisition offer from FedEx.
May 10, 2016 Carol Millett
Ferguson Transport (Spean Bridge) has acquired BSW Timber’s former sawmill site near Fort William as part of the company’s expansion plans.