Business Post profits warning

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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.

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