Wednesday 26th Oct 2016 - Logistics Manager

Business Post profits warning

Business Post has warned that it has not achieved the expected margin improvements in its parcels business since its interim results in November.

It is investing another £1.5m in its franchise network following a review by new chief executive Guy Buswell. This takes the additional costs relating to the franchise network to some £4.5m for the year.

The company expects pre-profit for the year to March to be about £9m before exceptional items of some £4.2m.