Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%). For the year ended 25 March the group saw its turnover rise 2% to £10.2bn (2017: £9.8bn) but pre-tax profit tumbled to £212m compared with £335m a year ago. The share price of the country’s biggest road freight operator fell 6% (35p) shortly […]
Yodel has made its largest ever loss in the year to 30 June 2018, newly published accounts reveal.
Royal Mail’s overseas division was still driving business growth in Q1 of its financial year, as letter volumes continued to plummet.
Logistic company Kuehne + Nagel has sold its Renault Trucks dealership RH Commercial Vehicles for an undisclosed sum, a year after it bought its parent company The RH Group for £66.9m. The new owners of the East Midlands dealership, that employs 55 people, include its current MD Nigel Baxter and general manager Paul Pearson, who becomes commercial director, as well as Neville and Peter Baxter. Last year the dealership turned over £16m from sales, parts and servicing from its head […]