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 […]
John Jempson and Son saw profit more than double in 2015 boosted by the sale of its Palletforce shares.
Customers’ willingness to shake up the status quo will stand Wincanton in good stead whatever challenges lie ahead, according to its boss.
Royal Mail has called for its regulator to protect it from last mile delivery competitors such as TNT Post, claiming that TNT’s expansion plans could cut £200m from its annual turnover.