Royal Mail hit with £10.5m fine over late deliveries Legal Ofcom has hit Royal Mail with a £10.5m fine today for failing to meet its delivery targets over the past year. In a statement this morning, the media watchdog said it would fine the postal company for the second time in just over a year for falling “well short” of its first and second class [...]
DPD: How parcel delivery giant is tracking return to growth Business Parcel delivery giant DPD is targeting the expansion of its international services to turn around its falling turnover which has decreased by £100m since the start of 2022. The group, which is owned by France’s La Poste, said it is forecasting a return to sales growth by the end of 2024 after setting its sights [...]
Mindful Chef: New delivery charge helps slash loss Business Mindful Chef introducing a delivery charge helped to significantly cut its annual loss despite its sales also falling, it has been revealed. The London-headquartered business has reported a pre-tax loss of £1.7m for 2023, after also losing £7.4m in 2022. Newly-filed accounts with Companies House also show that Mindful Chef’s turnover fell from £58.8m to [...]
Deliveroo: Boss Will Shu in £15m pay day after selling millions of shares September 16, 2024 The chief executive and co-founder of Deliveroo has received a pay day of almost £15m after selling more than 9m shares in the London-listed company. Will Shu has disposed of 9.4m shares worth £14.8m between 12 September and 16 September to “cover personal property investments”. Following the sell off, Shu retains 95.8m shares in Deliveroo. [...]
Gopuff to increase fees as it hopes to deliver first UK profit after cutting almost 1,000 jobs August 29, 2024 Delivery company Gopuff is to up its fees as it targets turning its first-ever UK profit in the coming years after shedding almost 1,000 jobs in 2023. The US-headquartered company reduced its UK headcount from 1,707 to 842 last year, according to newly-filed accounts with Companies House. The consumer goods and food delivery company, which [...]