Directors agreed a UKpound 35.1 million management buyout. The buyout, backed by Barclays Private Equity, is at 69 pence cash per share — a 54 percent premium to Nightfreight’s share price in December when talks were announced, but a 35 percent discount to the float price of 105 pence in 1994.
Read MorePOST office users across the region will have a new watchdog to safeguard consumer rights. Plymouth businessman Charles Howeson was appointed on January 1 to spearhead the newly created South West branch of the Consumer Council for Postal Services (CCPS), a national body which goes into action in April.
Read MoreUK parcels firm Fastrack went into receivership last week, just hours after a profits warning sent the company’s shares tumbling by 35%.
Read MoreBritish Post Office Prepares to Offer Stakeholder Pensions
Read MoreViapostal to begin operations in February
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