Business Post make satisfactory start to financial year
Business Post chairman Peter Kane announced that his company has made a satisfactory start to the financial year, with trading performance in line with management expectations.
Business Post chairman Peter Kane announced that his company has made a satisfactory start to the financial year, with trading performance in line with management expectations.
He said in a statement to shareholders covering the period 1 April 2009 to 30 June 2009: “Underlying group revenues (adjusted for the number of working days) were in line with the revenues for the same period in the previous year. On an unadjusted basis group revenues in the period decreased by approximately 4% year on year.
“Our parcels business has seen an improved trend in underlying volume and revenue performance and, whilst still down on the previous year, this improvement is encouraging.
“Our Mail business, UK Mail, continues to achieve satisfactory levels of growth, benefiting from the early mail volumes from recent contract wins.
“Revenues in specialist Services, on an underlying basis, were slightly ahead of last year.
“The Board plans to change the name of the Group to ‘UK Mail Group plc’ in early October 2009. This will recognise the broad range of services the group now offers under the UK Mail brand, and reflects the livery that is now in use on the Group’s fleet and premises.”
Michael Findlay has been appointed to the Business Post board as a non-executive director, with effect from 1 September. He has held senior roles in the Corporate Broking departments of UBS and Merrill Lynch International. At Merrill Lynch he was co-head of the corporate broking business from 2004 until his retirement in April 2009.
