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NHS courier CitySprint could go up for sale at £250m

An investment company backed by Lloyds is reviving plans to sell one of Britain s biggest same-day courier businesses for £250million.  City sources said Lloyds Development Capital, a division of FTSE 100-listed bank Lloyds, is once again looking at whether to offload CitySprint, which delivers drugs and PPE for the NHS.  Two years ago, Lloyds Development Capital appointed corporate finance advisers from Raymond James to carry out a strategic review of CitySprint, but it ultimately decided against a sale.  Up for sale?: City sources said Lloyds Development Capital, a division of FTSE 100-listed bank Lloyds, is once again looking at whether to offload CitySprint

Smiths News suspends carriage charge review

Smiths News suspends carriage charge review Print 25th February 2021 Smiths News has suspended any review of its carriage charges for a year after discussions with the NFRN. The news wholesaler’s customers pay a minimum of £36.22 for a weekly supply of newspapers and magazines under the present carriage charge structure. The maximum charge is £61.45. It is only the second time that the news wholesaler has taken such action. In 2015, Smiths News gave its retail customers the option of freezing their carriage charges for two years. Jon Bunting, chief executive of Smiths News, said: “We are incredibly mindful of the efforts our customers have gone to during the pandemic to ensure newspapers and magazines were available for their customers. Many are still under considerable pressure with lockdown.”

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