Delivery giant Evri has more than doubled its annual pre-tax profits after enjoying a "record year", thanks in part to a boom in second-hand shopping online.

The Times reports Evri's pre-tax profits rocketed from £51million to £199million.

The company said a £32million investment in customer service and a growing trend in the online second-hand goods market had contributed to the figures.

It indicated parcel volume had risen by just shy of 15% to more than 730million in the 53 weeks up to the end of February.

Martijn de Lange, the chief executive of Evri, said: “The company’s best ever year was underpinned by significant investment in our operations and customer service, as well as deepening our relationships with retailers and forging new partnerships.”

FTSE 100

The UK's flagship share index, the FTSE 100, was up 52 points at 8,075 shortly after opening this morning.

Brent crude oil futures were up 0.52%, trading at $71.41 a barrel.

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