Connect Group saw its pre-tax profit and turnover fall in the first half of its current financial year, as its previously strong Tuffnells division crossed the line from profitability to loss. Pre-empted by a profit warning in January, the group saw a 30.3% drop in pre-tax profit for the six months ended 28 February 2018 to £15.1m (compared to a £21.7m pre-tax profit in the first half of 2017), which it attributed to the reduced performance from Tuffnells and an […]
Parcels distribution firm Yodel says it is working with immigration officials following a raid at one of its depots in Surrey last Friday (3 May) that resulted in the arrest of 10 men working there.
TNT’s new Swindon DC is complete and in use, and is expected to be fully operational by the end of the year.
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.