DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business. In a trading update the operator said the tough trading conditions referred to in its update from 22 November 2016 had continued, including pressure on pricing. “While there has been strong momentum and wins in the Logistics business, the expected growth in higher margin revenue from our DX Courier and freight activities has not come through, impacting profitability due […]
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.
Leeds-based Bedfords Group has made “significant progress” in adding new streams of business, according to its latest results, despite recording a pre-tax loss of £221,415 last year.