City Link in Administration – Information for Employees

City Link in Administration – Information for Employees Administrators for the delivery firm City Link have confirmed they anticipate a substantial number of redundancies in the coming days.
Continue reading…

Enjoyed this post? Share it!

 
 

Rentokil dispatches City Link parcel delivery firm for £1

Pest control specialists dump City Link despite turnaround signs to focus on bugs management and hygiene operationsCity Link has been sold for just £1 after its owner opted to call time on five years of losses.Rentokil Initial offloaded the parcel-delivery firm to Better Capital, a private-equity group run by the financier Jon Moulton, even though […]
Continue reading…

Enjoyed this post? Share it!

 
 

Rentokil rises 10% despite continuing City Link problems, as markets pause for breath

Hygiene and pest control group beats profit expectations and issues upbeat outlook for coming yearRentokil Initial has hit a near two year high after better than expected profits, despite the continuing drag of its struggling parcels business City Link.The rat catcher and hygiene group jumped nearly 10%, up 8.8p to 99.3p, its best level since […]
Continue reading…

Enjoyed this post? Share it!