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 […]
Same-day delivery company CitySprint has said its Christmas peak was later than ever in December, as more online shoppers left their orders to the last minute.
CitySprint has acquired all operations at Woking-based Eagle Express Worldwide Couriers. Its same-day, international and UK overnight operations were acquired by CitySprint on 8 December, taking its network to 35 depots and 2,000 couriers. It will be transferred over to the CitySprint brand later this month. CitySprint said the transition will be seamless for Eagle Express’ customers and it will continue to be serviced by the same staff at the same depot in Old Woking. Chief executive Patrick Gallagher said: […]
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]