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Industrial and logistics news: February 2014

Round-up of recent market news...

Knights of Old's turnover up 38% to £44.3m in FY/2013

In FY/2013 ended 31 May 2013, Knights of Old's turnover was up 38% to £44.30m. The growth was driven by the UK transport company's December 2011 merger with Mainland Group. Read more...

Planning permission sought for rail freight terminal in Scotland

A planning application has been submitted to North Lanarkshire Council for a £250m International Railfreight Terminal, which would be constructed in central Scotland at the existing Mossend Railhead. Expanding the current site would increase Scotland's rail link capacity to UK and European markets by two thirds. Read more...

Clipper Logistics to operate efulfilment solution to Help for Heroes

UK-based Help for Heroes Trading has inked a deal with Clipper Logistics for operating an efulfilment solution. From its Enfield shared-user site for the trading arm of the military charity, an array of gift items, homeware, accessories and clothing will be shipped worldwide by the UK-based logistics company. Read more...

Hermes to launch seven-day home delivery service

In a bid to grow its first-time delivery rate, UK-based B2C parcel carrier Hermes will be rolling out a seven-day home delivery service. Initially, the fully tracked Sunday deliveries will be facilitated for retail orders made on Saturdays. By 2014-end, Hermes plans to increase the number of ParcelShops to 5,000 from 3,500. Read more...

Mothercare reportedly puts Early Learning Centre up for sale

The Early Learning Centre has been put up for sale by parent company Mothercare, according to reports. Mothercare is said to have hired investment bank Lazard to help dispose of the struggling toy retailer, which has 40 stores. Read more...

Tesco may bid for Mothercare

UK-based supermarket chain Tesco could launch a bid for baby products retailer Mothercare, which was valued at £241m earlier in January 2014. Tesco looked at a bid six months ago and City insiders say that interest could be revived by the fact Mothercare's share price has fallen to £2.72, from £4.20. Read more...

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Steve Williams
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