Carillion’s bankers have launched a £225m fund to help subcontractors and suppliers hit by the construction and outsourcing giant’s collapse. HSBC, Lloyds Banking Group and RBS have all set up funds of £100m, £50m and £75m, respectively, after coming under pressure from business secretary Greg Clark. Under the funding schemes the three banks are offering a range of help including interest rate reductions, temporary emergency loans with no fees, overdraft facilities, working capital support and advice on financing strategies. Business […]
UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter.
Palletways has suspended its operations to Europe until 25 January, but other pallet networks confirmed this week that their deliveries to the continent will continue.
Meachers Global Logistics saw a reduction in turnover and profit last year.