London Daily

Focus on the big picture.
Wednesday, Oct 28, 2026

Barclay Family Exploring Strategic Options for Parcel Delivery Company Yodel Amid Financial Struggles

Barclay Family Exploring Strategic Options for Parcel Delivery Company Yodel Amid Financial Struggles

Former owners of The Daily Telegraph are exploring strategic options for their parcel delivery company, Yodel, as they seek to shore up their finances.
The Barclay family, who owned Yodel through their company Logistics Group Holdings (LGH), has reportedly hired bankers to review potential buyers and partners for the company.

One possible option being considered is a partnership or joint venture with a large Chinese e-commerce player such as Alibaba Group or JD.com.

Yodel, which last year handled nearly 200 million parcels, is one of the biggest parcel couriers in the UK, competing with the likes of Royal Mail, Evri, and Amazon Logistics.

The decision to explore a sale comes just weeks after Lloyds Banking Group seized control of the Telegraph newspapers and The Spectator magazine by forcing them into receivership.

The Barclays, led by Aidan Barclay, the former Telegraph Media Group chairman, have been fighting to regain control of the titles but have so far been unable to secure the funding required.

Yodel has been in operation since 2010, when the Barclays combined DHL's parcel delivery arm with Home Delivery Network.

The company has struggled to break even in the past but enjoyed a pandemic bonanza, with revenues soaring, its maiden annual pre-tax profit, and further growth in its current financial year.

Mike Hancox, who has been running Yodel since 2019, recently told The Guardian that the seizure of the Telegraph titles had prompted him to ask Yodel's owners about its future.

"I did ask the question: 'Is there an impact on Yodel?' I was told very clearly: 'No - we don't bank with Lloyds Banking Group and we don't trade with the Telegraph so there is no link,'" Hancox told the newspaper.

While no official valuation of Yodel has been released, a sale is likely to attract interest from industry players keen to consolidate the market as well as specialist financial investors.

Yodel's debts are owed to HSBC and are separate from those of the Telegraph.

The Barclay family's decision to explore a sale comes after a difficult few months A review of options for Yodel, a UK-based parcel delivery company, is expected to take several months.

During this time, the sale of the Telegraph newspapers is likely to be launched.

This week, Mike McTighe, the boardroom veteran who chairs Openreach, was appointed to chair the Telegraph and Spectator's respective holding companies.

Bankers are reportedly close to being hired to handle the disposal of the newspapers.

The dismantling of the Barclay family's empire follows the death of Sir David Barclay, one half of the fraternal double act who took control of the Telegraph in 2004 in a £665m deal.

Sir Frederick, the twin with whom he fell out in the years before his death, is embroiled in a £100m court battle over his divorce settlement.

The Barclays previously owned the Ritz Hotel in London and still own Very Group, the online retailer.

The move to force the Telegraph's holding company into receivership was triggered by Lloyds' dissatisfaction with the Barclays' approach to repaying a loan which dates back to the pre-crisis era of large corporate loans issued by HBOS.

A spokesman for the Barclay family declined to comment on the matter, while Clearwater, the investment firm, also declined to provide any information.
Newsletter

Related Articles

0:00
0:00
Close
Aberdeen City Council Co-Leader Faces Binding Vote Challenge as Local Councillors Launch High Court Legal Battle
Housebuilding Across Scotland Falls to Eleven-Year Low Despite Government Declarations of a Housing Emergency
Former Prime Minister Gordon Brown Organizes National Innovation Summit in Manchester to Boost Regional Competitiveness
UK Government Faces Mounting Criticism Over Lack of Environmental Consultation During Artificial Intelligence Datacentre Expansion Talks
Greggs Announces Closure of Four Major Manufacturing Facilities Across Britain Resulting in Seven Hundred Forty Job Losses
British Retail Consortium Warns That Cumulative Employment and Regulatory Costs Threaten High Street Price Stability
Lloyds Banking Group Chief Executive Charlie Nunn Warns That Increased Bank Taxes Could Deter Long-Term Economic Investment
Ipsos Polling Reveals Seven in Ten Britons Expect Personal Tax Increases Amid Deep Public Economic Pessimism
Chancellor John Healey Delivers First Autumn Budget in Parliament Amid Tight Fiscal Constraints and Slower Growth Forecasts
United Kingdom Finance Monthly Review Highlights Rising Long-Term Borrowing Costs and Persistent Energy Price Pressures Across British Markets
Royal Marines Pioneer Rapid Autonomous Drone Operations During Major High North Exercise Involving NATO Allies
House of Commons Justice Committee Urges Chancellor to Align Prison and Courts Reform Ambitions With Concrete Budgetary Resources
Government Investigates Rapid Artificial Intelligence Datacentre Expansion Strategy Following Scrutiny Over Power Grid Demands and Planning Backlogs
His Majesty's Inspectorate of Constabulary Warns Third-Party Supplier Breaches Threaten United Kingdom Police and Fire Service Data
Number of British Businesses in Financial Distress Reaches Highest Level in Two Decades Ahead of Fiscal Announcement
Chancellor John Healey Prepares Autumn Budget Amid Intense Market Scrutiny Over Fiscal Headroom and Spending Pressures
Education or Indoctrination? The Growing Debate Over Religious Participation in British Schools
Germany's Vanishing Shopfronts: The Silent Collapse of the Businesses That Built Its Cities
Northern Ireland Executive Reaches Agreement on Public Transport Modernization and Cross-Border Rail Infrastructure Funding
Department for Energy Security and Net Zero Approves New North Sea Carbon Capture and Storage Industrial Clusters
Office for National Statistics Reports Stabilization in Private Rental Growth Across Major English and Welsh Regional Cities
United Kingdom Automotive Manufacturing Output Rises Moderately as Electric Vehicle Assembly Lines Expand in the Midlands
Competition and Markets Authority Launches Formal Inquiry Into Cloud Computing Infrastructure and Artificial Intelligence Partnerships
Scottish Government Finalizes Emergency Budget Adjustments Following Multi-Year Public Sector Funding Shortfalls
National Health Service England Announces Major Emergency Care Overhaul to Alleviate Severe Winter Capacity Pressures
Chancellor Rachel Reeves Prepares Autumn Budget Amid Intensifying Scrutiny Over Public Spending and Fiscal Rules
Bank of England Signals Cautious Approach to Further Interest Rate Cuts as Persistent Wage Growth and Inflation Pressures Remain
Transport for London Unveils Expanded Zero-Emission Bus Fleet to Meet Capital Air Quality Targets
Higher Education Institutions Face Deepening Financial Strain Amid Declining International Student Enrolment
Automotive Industry Leaders Criticize Government Tax Policies and Urge Action on Retail Consumer Confidence
Environment Agency Issues Flood Alerts Across Scottish and English Waterways Following Heavy Rainfall
Independent Audit Highlights Persistent Security Vulnerabilities Across Legacy Government Digital Portals
Northern Ireland Political Leaders Clash Over Westminster Funding Allocations Ahead of Autumn Budget
Ethnic Minorities in England Face Significant Disparities in Routine Breast Cancer Diagnosis Rates
National Police Chiefs Report Alarming Surge in Domestic Abuse Cases Fuelled by Expanding Illegal Cocaine Market
Government Announces Two Hundred and Twenty Million Pound Pothole Funding Boost for Local Highway Authorities
China Issues Formal Warning Over Potential United Kingdom Restrictions on Chinese Electric Vehicles
British Defence Ministers Sign E5 Pact to Enhance European Military Capabilities and Industrial Cooperation Within NATO
United Kingdom Business Activity Expands at Fastest Pace in Eight Months According to S&P Global Flash Survey
Chancellor John Healey Prepares Major Devolution Package and Bank Profit Surcharge Ahead of Upcoming Autumn Budget
National Health Service Consultants in England Announce Two-Day Strike Action Scheduled for November
Major Clean-Up Under Way Across Britain Following Destruction Caused by Consecutive Storms Austen and Boelo
KEY TRENDS TO WATCH
Declassified Intelligence Files Reveal British Security Services Monitored National Health Service Founder
British Government Launches Sweeping Regulatory Crackdown on High-Risk Cosmetic Procedures
Scottish National Party Demands Ban on Using Scottish Revenues to Fund English Nuclear Energy Projects
Mayor of London Initiates Landmark Pedestrianisation of Oxford Street to Revitalise Global Retail Hub
British Judges Granted Expanded Legal Powers to Punish Convicted Killers Who Refuse to Attend Sentencing
United Kingdom Poised to Miss Reduced International Aid Spending Targets Ahead of Fiscal Review
Surging Cocaine Consumption Drives Record Drug Fatalities and Rising Crime Rates Across Britain
×