UK Mail has come under fire by MEP for the North East region Jude Kirton-Darling over claims the business forced drivers to take a pay cut and dismissed 20 drivers who refused to sign the new contract. In a letter to UK Mail CEO Peter Fuller last week, Kirton-Darling accused the company of “unacceptable treatment” of its workers and of “flying in the face of [its] ethical and corporate responsibility”. The letter was prompted by a new contract UK Mail […]
UK Mail’s continued investment in its infrastructure, including the move from its Birmingham HQ to a new fully automated Ryton hub, resulted in a dip in pre-tax profit in the year ended 31 March 2015.
First quarter daily parcel volumes were up 10% at UK Mail, but the firm expects growth to slow this year as it nears capacity.
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]