Increased volumes at Tuffnells Parcels Express and Pass My Parcel failed to offset falling newspaper and magazine sales in a recent trading update from Connect Group, which saw its turnover take a hit. Group turnover was down 3.5% in the 19 weeks ended 19 January 2018, reported in a gloomy update listing delayed contracts, declining sales and market uncertainty as reasons for a predicted drop in profitability this financial year. The group’s share price fell almost 30%, from 105p to […]
Connect Group saw its revenue climb 0.2% in the 20 weeks to 21 January 2017 with it parcel freight division leading the way.
Tuffnells Parcels Express, part of Connect Group, has been fined £1.5m after a driver died when he was trapped between a trailer and his vehicle.
Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m.