City Link per-parcel driver payments helping recovery plans
Struggling parcel delivery company City Link is “on track” to achieve break even point by the end of the year, according to its parent firm Rentokil Initial plc.
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Price increases helping City Link, but losses up 18.7%
Struggling UK parcel delivery firm City Link saw its sales increasing 1.7% in the first quarter of the year under its new management team, but losses for the quarter grew by GBP 2m.
Read MoreUK’s City Link struggles with productivity as losses spiral
UK parcel delivery company City Link has continued to be a “drag” on the financial results of its parent group, Rentokil Initial, as losses spiralled during 2011.
Read MoreRoyal Mail executive David Smith tasked with City Link recovery
Royal Mail’s David Smith is to leave his post as chief customer officer to become managing director of struggling courier firm City Link.
Read MoreRentokil Initial burdened by City Link losses
Continuing losses at UK courier firm City Link hampered the financial performance of its parent company Rentokil Initial during Q1 2011, the company said.
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