Increased competitive pressure in the moving market led to a 26.5% drop in pre-tax profits at Pickfords Move Management last year.Latest financial results for the removal company, for the year ended 30 September 2019, showed profits fell by £547,000 to £1.5m. Revenue reduced by almost £600,000 to £58.9m, with £30.3m of this being derived from UK operations and £28.5m from overseas. In its financial report, Pickfords said it operates in an industry highly influenced by the UK housing market, as […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.
The Big Green Parcel Machine is continuing to exceed Connect Group’s expectations.
Wincanton has reported a strong set of financial results for the year to 31 March 2020, with revenue up 5% to £1.2bn and pre-tax profits up 7% to £52.9m, driven by a 26% rise in revenue from its retail grocery division which picked up a sizeable contract with Morrisons in June 2019 that has just been extended.