The British company City Link package or will be up for sale

Rentokil Initial group said recently, its subsidiary City Link did not achieve previously scheduled return to profit target, to this, groups tend to sell the company.
City Link is a large UK domestic parcel express company, belonging to the Rentokil Initial group. The group's business covers from preventing pest services to cleaning services. City Link for several years by financial problems, the company adopted a number of cost control and improve the operation of the act, the target for 2012 is to can realize the balance of payments.
Rentokil group released in 2012 third quarter operating data show, City Link revenue growth of 2.4%, amounted to 76200000 pounds, operating losses fell by 19.1%, to 5500000 pounds. In the first 9 months of 2012, City Link revenue growth of 3.1%, reached 225700000 pounds, operating losses fell by 2.4%, to 24000000 pounds.
Rentokil Initial chief executive Alan Brown said City Link in the third quarter, 2012 business continues to recover, the average cost of the same period last year dropped 12%. Although during the Olympic Games in the parcel delivery demand growth was less than expected, but compared with the same period last year business volume has increased by 15%, decreasing losses in 19%. But because the freight income to glide continuously, expected fourth quarter will cause City Link small loss.
Alan Brown, although Rentokil group work center of gravity will improve the City Link the company's financial situation, but also welcome other companies to City Link company offer. If a suitable opportunity, Rentokil group will sell the City Link company
MYEX Fujian Asia International Express
2012-12-07