City Link's recovery well on track

By Freddie Pierce
Follow @ WDMStanJackson InitialRentokil, parent company of delivery firm City Link, says that the courier is set to show material improvements in the t...

Initial Rentokil, parent company of delivery firm City Link, says that the courier is set to show material improvements in the third quarter of this year. 

Sales up

Sales at Link were up 3.5 percent on the last quarter and the operating loss of £18.5 million was a 3.9 percent improvement on the second quarter of last year.  The transformation to profitability is far from complete though, as the new figures simply represent reduced losses.


Click here to see the latest issue of Supply Chain Digital

Rentokil saw operating profit fall from 6.3 percent to £87 million in the second quarter. 

However the turnaround in fortunes of City Link spells the end of Rentokil’s long running troubles with its subsidiary. 

Chief executive of Rentokil Alan Brown said: "City Link's recovery plan is progressing in line with expectations, both in terms of financial performance and underlying action plan.

Future growth

"We expect losses to reduce further in the third quarter and for the business to be profitable in the fourth quarter."

Those in charge of Rentokil have attributed the companies’ new lease of life to its innovative management team who has pushed for greater efficiency across the board, as well as better route handling. 


Featured Articles

Chris Caplice - academic who helped make freight a science

Dr Chris Caplice of MIT is one of the most decorated and influential thinkers around freight and logistics, being behind MIT FreighLab and other ventures

News round-up: Supply chain, logistics and procurement

SMBs face greenwashing brand damage - Software Advice; Top 10 procurement platform providers - iSAP, Oracle & Coupa; Accenture supply & Ukraine war

Sustainability in supply chain is crucial - BBG's Coindreau

Mauricio Coindreau is Head of Procurement and Sustainability for Budweiser Brewing Group (BBG), part of AB InBev – the world’s biggest brewer

SMBs face greenwashing brand damage, says Software Advice


'Electricity 4.0’ the future of sustainability - Schneider


Retail seeking supply chain agility in omnichannel world

Digital Supply Chain