Marshalls still confident despite tough first half

Landscaping and building products and supplier Marshalls reported a 13% decline in revenue for the first half on Monday, amounting to £306.7m. The FTSE 250 company said adjusted EBITDA fell 14% to £50.6m, and adjusted operating profit dropped 19% to £34m. Its adjusted profit before tax was down 20% to …

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Royal Mail parent IDS to offload US freight divisions

Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics. The move was part of GLS’ strategic focus on enhancing its core parcel services. According to Reuters, the divestment would include GLS US Freight …

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UK’s Royal Mail parent to sell US freight business

International Distributions Services, the parent company of Royal Mail, announced today that its parcel services business, GLS, will sell its US freight divisions to California-based DC Logistics. The sale is part of GLS’ strategy to concentrate on its core parcel services at a time the parent firm has agreed to …

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