Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum. London-based Gnewt Cargo runs 100 electric vehicles in the city, and Menzies said the acquisition will support its drive to build a neutral, UK-wide parcel consolidation service while boosting its green portfolio. Menzies MD Greg Michael added it would give the operator a “stronger, cleaner presence in the London market”. A spokesman for Menzies told MT the Gnewt Cargo name would remain in place, as […]
A turnaround plan at DX (Group) is beginning to bear fruit after its latest financial results showed a 7.7% increase in revenue to £322.5m.
The government has confirmed it will sell shares in Royal Mail on the London Stock Exchange in the next few weeks.
The DX Group and John Menzies Distribution merger could be sealed this summer after both boards approved a revised offer that satisfies objections from a major shareholder.