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 […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
UK Mail Group saw turnover and pre-tax profit climb last year thanks to increased volumes, winning new business and retaining existing customers in its parcel and mail divisions.
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 […]