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 […]
TNT Express has extended its delivery before noon service to more locations across Europe, including the UK.
TNT Express has appointed Tex Gunning as chief executive after former boss Marie-Christine Lombard resigned in September.
City Link’s new MD has put in place a three-year turnaround strategy at the struggling parcels business in the wake of “disappointing” losses. The plan will see City Link break-even within the next four months, make a profit by Q4, and become a £500m business in the next three years, through a combination of improved customer service, reduced operational costs and a focus on winning profitable business, rather than chasing volumes. Speaking to MT.co.uk, new MD Dave Smith, who joined […]