Business Post enters the FTSE 250 Share Index
It was announced by the London Stock Exchange this week that Business Post Group plc has entered the FTSE 250 share index.
Business Post’s Chief Executive Officer, Paul Carvell, commented that this marks another major milestone in the continuing development of the Group.
“This had been on the cards for some time” he said, “but it came a little earlier than we had expected. The market capitalisation of the Group has grown as a result of recent increases in our share price but we had, in any case, been on the threshold of entry to the index for some months now”.
He continued “All of our operations cater for those markets requiring time definite delivery of products and mail, and our spread of activity means that we are constantly growing, with all business units reporting excellent progress.”
Business Post becomes the only British owned express delivery company to appear in this index, although a number of logistics companies feature within it.
For more information contact:
Bill Wallis
Marketing Manager
Business Post Ltd
Tel: 0121 335 1190
Fax: 0121 335 1199
[email protected]
www.businesspost.biz
Note to editors:
Business Post Group operates through a network of nearly 140 locations across the UK. Of these approximately 30% are franchised and half are partners in the UK Pallets network. The Group and its associates employ over 5,000 people. A fleet of more than 3,000 vehicles is responsible for the movement of over 150,000 consignments every working day.
Express is the Group’s core UK business-to-business parcel service accounting for 60% of Group turnover with an estimated 7.5% market share.
International accounts for 12% of group turnover and is responsible for all shipments coming into and leaving the UK and Ireland. A high proportion of its activity derives from Business Post’s agreement with FedEx.
HomeServe, the Group’s UK business-to-consumer parcel service, provides high quality time-definite service to residential addresses. It accounts for 10% of Group sales and last financial year increased its turnover by 129%.
UK Today is the Group’s same day nationwide courier and logistics service. UK Today increased its turnover by 48% in the last financial year
BXTech is a technical courier specialising in field service logistics and is active in the computer, medical and utilities sectors. It was acquired as BXT in 2003. Together UK Today and BXTech make up Group’s Courier division.
UK Pallets provides a nationwide express palletised goods delivery service through a partnership with 70 independent haulage businesses throughout the UK. It was acquired in July 2003 and is responsible for 10% of Group turnover.
UK Mail is the first company to offer an alternative postal delivery service in nearly 400 years of postal history. Following extensive negotiations with Royal Mail over downstream access to their delivery network, an agreement was reached in February, 2004 and the service began in May, 2004.
