TNT loses £34m in 17 months after FedEx acquisition


TNT UK made a pre-tax loss for the fourth year running in 2017, during a lengthened reporting period that brings the company in-line with parent company FedEx’s financial year. For the 17 months ended 31 May 2017, the business reported a pre-tax loss of £34.3m; a greater loss than that of £22.1m in its previous reporting period to the end of 2015. In its strategic report TNT UK said £5.7m of the loss was down to exceptional transformation costs, and […]