Knights of Old Group has insisted it is on course to return to operating profitability this year after its latest results showed a £1.2m pre-tax loss. It said new deals in the contract distribution sector and the acquisition of Steve Porter Transport in August 2019 will help the business return to profit. Group turnover for the year ending 31 May 2019 rose to £58.6m from £56.3m the year before. It also more than halved its losses, after posting a £2.9m […]
Royal Mail’s profit warning has been met with shock by analysts who have warned that the group faces relegation from the FTSE 100 if it cannot tackle its productivity problem.
The United Road Transport Union (URTU) said it had won a “protective award” for staff made redundant when Almtone-owned Canute Group ceased trading in 2018.
Car transporter company Drive Force (UK) had only just returned to profitability after experiencing 18 months of cash flow difficulties, before Covid-19 forced it into administration.