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 […]
Hermes is rolling its click and collect ParcelShop service out to more than 450 Co-operative stores after a trial with the retailer.
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.