Online grocer Ocado is continuing to suffer from the fire which destroyed its Andover depot last year, reporting a pre-tax loss of £214.5m for 2019. The retailer’s latest annual results to 1 December 2019 reveal losses that are almost five times higher than the £44m loss the company made in the previous year. Ocado said exceptional charges of £94.1m, most of which were due to the Andover fire, were to blame for the size of the pre-tax losses in the […]
Owens has returned to profit after three consecutive years of losses, its latest financial results have revealed.
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]
Birmingham-based Corporate Solutions Logistics, which counts Lidl, household goods manufacturer Vax and Smurfit Kappa among its customers, has said it is on target to close its financial year with a turnover of £22m.