Whistl is to close depots in Leeds and Warrington and consolidate their work into a single ‘super hub’ in Bolton. The 225,000ft² warehouse, expected to be operational in July, will increase the volume capacity of the combined operations by 33%. The postal operator has signed a 10-year lease on the site on the Logistics North development in Bolton after its leases on the previous sites came to a close. With close proximity to junction four of the M61, the Bolton […]
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.
Having fired the starting gun on the sale of its remaining stake in Royal Mail last week, the government is out of the blocks and has sold 15% of its shareholding to institutional investors.
Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year.