Author: Archive

Second bank rules out joint venture with An Post

Posted by | Sep 10, 2005 | |

Another bank has ruled itself out of a joint venture with An Post for a new banking service. An Post is currently accepting expressions of interest from potential joint venture partners, but Permanant TSB has already ruled itself out. Yesterday Danske Bank said it would not be submitting an expression of interest either. Danske, a Danish company,owns National Irish Bank (NIB) and a spokesman said the bank was concentrating on building up its market share. It hoped to introduce a new range of online bank accounts and mortgages shortly. Banks from Ireland and overseas have until September 19th to submit an expression of interest.

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DMA slams ‘farcical’ UK postal price controls

Posted by | Sep 9, 2005 | |

The DMA (UK) has hit out at Postcomm’s proposed four-year price control scheme for Royal Mail, branding the regulator’s plan to measure quality of service “farcical”. The trade body, which also questions why mailing clients should be forced to pay for Royal Mail’s pension deficit, has submitted its response to Postcomm’s consultation. David Robottom, director of postal affairs and industry development at the DMA, explains: “Price control is a complex issue that needs to be fully understood. We believe Postcomm must be wary of customer expectations of lower prices once the market opens, as they aren’t likely to change much. The plan to group products for quality of service is farcical.

“Royal Mail’s pension deficit is set to be met by users under the consultation, and we believe this is wrong. The responsibility should fall on Royal Mail and the Government, not users.”

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Belgian De Post/La Poste privatisation to be completed Oct 2005

Posted by | Sep 9, 2005 | |

Belgian Budget and Public Enterprises Minister, Johan Vande Lanotte plans to complete the partial privatisation of Belgian postal services company De Post/La Poste by the middle of October 2005. The cabinet intends to complete the regulation of the capital increase, the statute, the business plan and the contract with the new shareholders British investment company CVC Capital Partners and the national post office Post Denmark by the middle of October 2005 when Vande Lanotte will leave the cabinet.

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Red Parcel Post to be launched in 2007

Posted by | Sep 9, 2005 | |

Red Parcel Post, the new German parcel forwarder, is due to be launched on the market at the beginning of 2007. The Boes family, which sold its previous company to Denmark’s DFDS group in last year, is a shareholder in the new company. Manfred Boes, who is also president of the German logistics sector association DSLV, warns that, thanks to new sorting and mailing technology, Red Parcel Post will be in a position to offer more favourable prices than rival DHL, a subsidiary of the postal service provider Deutsche Post.

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Postal changes will hit rural communities, warns UK Royal Mail boss

Posted by | Sep 9, 2005 | |

Rural communities across Scotland will suffer if proposed changes to postal services go ahead, the chief executive of the Royal Mail warned yesterday. Adam Crozier also said job cuts at the Royal Mail are inevitable as the organisation strives for greater efficiency. But he insisted there are no plans to close any more post offices north of the border. Mr Crozier was speaking as the Royal Mail unveiled findings of a study highlighting its impact on Scotland’s economy. His comments will re-ignite concerns that proposed changes to UK mail delivery services will lead to an inferior service for the Highlands and Islands.

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UK DX reports fall in profit

Posted by | Sep 9, 2005 | |

DX Services PLC reported a fall in profit in its full-year results but said it is well-placed to grow when the mail market is fully deregulated next year. The company, which was sold by former parent company Hays PLC in 2004, said
pretax profit before exceptional items and goodwill amortisation in the year to
June 30 fell to 26.6 mln stg from 32.7 mln a year earlier. DX Services chairman John Maxwell said in a statement: “This has been a year of substantial change for DX. With the onset of full deregulation in January 2006, and the introduction of our ‘take all’ mail services to increase market penetration, DX is well positioned for further growth.”

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German Deutsche Post, SAP and Swiss PayNet to set EBPP network

Posted by | Sep 9, 2005 | |

German postal services company Deutsche Post AG, German enterprise resource planning (ERP) software provider SAP AG and Swiss electronic billing services company PayNet (Schweiz) AG plan to jointly develop an international electronic payment network based on SAP’s Electronic Bill Presentment and Payment (EBPP) technology, it was reported on September 7, 2005. Deutsche Post, SAP and PayNet goal is to create an exchange of electronic invoices across borders on the basis of a common technology. The cooperation will provide the companies’ customers from different countries with the possibility to make transactions of national and international invoices via a single interface. PayNet will link the companies within Switzerland and Deutsche Post will integrate companies from Germany and from other countries into the network.

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