Connect Group has revealed further details of the strategic review of its troubled Tuffnells business after announcing that CEO Jos Opdeweegh has stepped down. He will be replaced by new interim CEO John Bunting. The group has also published its preliminary results for the year ended 31 August 2019 which show Tuffnells sales of £164.6m were down by 6.4% resulting in an Adjusted Operating Loss of £14.1m, down by £9.1m. Overall group revenue was down 4.3% to £1,467.9m and profit […]
DHL Parcel UK has taken over the Pass My Parcel network today (1 October).
Connect Group has renewed its contract with News UK, securing a deal that generates £200m of revenue a year until 2024 and provides some respite after a tough period for the business.