Business Post announces that Russell Hodgson, 56, responsible for Parcel
Services, will be leaving the Group on 30 September 2005, for health reasons.
His role, overseeing the Express, International and HomeServe business units and
Network Services, will be assumed by Paul Carvell, Chief Executive.
Deutsche Post World Net AG said it has not warned analysts of a lower profit at is mail unit than the year earlier, denying earlier press reports.’The press reports give the impression that we gave figures to a small circle (of analysts). We strongly deny this,’ a Deutsche Post spokesman said. The report, which appeared in the Financial Times Deutschland today, cited analysts as saying they had received a profit warning from Deutsche Post which stated that the group’s mail division’s operating profit has declined by around 100 mln eur in the first quarter from 749 mln one year before. The spokesman said that at the time when the company supposedly had given these unpublished figures to analysts, the results were not even ready.
Read MoreKiwibank received another $15 million from parent New Zealand Post during the first quarter, meaning the three-year-old Government-owned bank has now received $138 million from the taxpayer. The $15 million figure is in Kiwibank’s latest quarterly general disclosure statement compiled for the Reserve Bank along with a $2.42 million post-tax profit in the three months to March 31. The additional funding will be used to pay for ongoing growth including a push into the small and medium-sized business banking market.
Read MoreDeutsche Post, Europe’s largest postal service, has come under fire from lawyers and investors after the group prematurely issued analysts with operating figures ahead of its quarterly report next Monday.
A spokesperson for the German financial supervisory authority said that it would wait until the official figures are published on Monday, after reports in FT Deutschland, before they decided whether to take action against the company.
Lawyers told FT Deutschland, the Financial Times sister paper, that they believed the distribution of actual figures to analysts was a breach of German law.
“At a first glance what Deutsche Post has done is illegal. Market sensitive information has to be reported because it is information that can move the markets,” Klaus Rotter, an investment specialist said.
Read MoreInternational courier DHL Express, a subsidiary of German postal services provider Deutsche Post, has started the construction of its new site in Flevy, Moselle department, north eastern France, it was reported on May 3, 2005.
DHL has invested a total 4.2 mln euro (USD 5.39 mln), including for the land, in this new site, which will have a staff of some 100 employees. The new site should become operational as of September 1, 2005. The activities in the Flevy site will cover all the services offered by DHL including messages, express and road shipment in a unique site covering 27,500 sq m, where at first some 4,000 sq m, dedicated to loading platforms and 1,000 sq m to offices, will be set up. DHL has five other sites across the Moselle department.
Read MoreDHL was named the Best Express Operator at the 2005 Asian Freight and Supply Chain Awards in Singapore last month.
The company’s general manager (Pacific Islands), Paul Roper said they were delighted to have been recognised as leaders in the express business.
“This accolade is further vindication that the investments we are making in our infrastructure locally in Fiji and throughout Asia are translating into a real competitive advantage for our customers,” Mr Roper said.
DHL Express in Fiji is currently renovating a 1000square metre warehouse and office facility in Raiwaqa.
“We will be moving into our new facility in Suva at the end of June,” Mr Roper said.
“Once we have completed this project we will be able to offer Fiji a complete “One Stop Shop” freight centre.
Read MoreBahrain’s residents will be able to pay their bills for water and electricity consumption as well as their municipal taxes at post offices throughout Bahrain, it was reported on May 3, 2005.
Under a memorandum of understanding (MoU), signed between Bahrain’s Ministry of Electricity and Water, the Ministry of Finance and National Economy and the Communications Ministry, the Kingdom’s post offices in Sitra, Riffa and Budaiya started on May 2, 2005 accepting payments of water and electricity bills and municipal taxes under a two-month trial period. According to the MoU, the remaining post offices across Bahrain will start collecting bill payments by the year-end.
Read MoreThe Postal Authority has beaten five other companies to win the public tender for a NIS 5.5 million annual contract to deliver rabbinical court documents personally to those involved in cases.
Postal Authority director-general Yossi Shelley said that until now, the mail services delivered verdicts, summonses and other such documents by registered mail; now it will use messengers to deliver them by hand.
Rabbinical court system director Rabbi Eli Ben-Dahan said that court services will now improve and be more efficient.
Read More
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