UPS’s UK business recorded “modest growth” last year in both turnover and pre-tax profit, with revenue rises largely driven by its European and international businesses. Turnover rose 8.7% to £944.9m in the year to 31 December 2016 (2015: £869.1m), with pre-tax profit up 6.9% to £62.3m (2015: £58.3m). However, whilst the UK market provided the lion’s share of the turnover at £383.3m (2015: £380.2m) it rose just 0.8% in the period. This compared to a 15% revenue rise from its […]
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]
Pre-tax profit at Arcese UK fell over 30% in the year to the end of December, accounts posted at Companies House have shown.
Express parcels and mail provider UK Mail Group says it is taking action to plug the gaps in its pallet distribution business UK Pallets. It reported a significant decline in operating profit from this division during the first six months of the financial year. While revenue from its pallets business rose 0.8% to £14.3m in the six months to 30 September compared to the same period last year, operating profit fell over 26% to £800,000, said the firm. UK Mail […]