Deutsche Post World Net AG is set to disclose Friday that its first-half EBITA had a boost of about 70 mln Eur as a result of the IPO of banking arm Postbank AG last month, analysts polled by AFX News said.
First-half EBITA is predicted to be in the range of 1.60-1.66 bln Eur compared with 1.47 bln a year earlier, with sales at 21.06-21.13 bln against 19.2 bln.
Read MoreDeutsche Post AG said it plans to close several hundred of its smallest outlets throughout Germany as part of a cost-cutting program the company initiated in 2002.
Service from the closed outlets will be moved to franchises in supermarkets, news stands and other stores, the company said. Closing these businesses will not lead to any job losses, spokesman Juergen Blohm said
Read MoreSmall business has not made any complaints to the Australian Competition and Consumer Commission about Australia Post following the introduction of reforms under the Postal Services Legislation Amendment Bill 2003.
When the bill was passed by parliament on June 14, then communications minister Daryl Williams said small business would gain from “better quality, more flexible postal services”.
Read MoreAir Arabia LLC, UAE’s national airline and the first low-cost airline of its kind in the Middle East and North Africa region, has announced a partnership with Emirates Post to bring their latest innovation to travelers’ ticket purchase points at Emirates Post outlets in the UAE.
Read MoreThe Japanese government plans to allow post offices to sell investment trusts and other financial products starting as early as next fiscal year from April 2005, before Japan Post’s privatisation process begins in 2007. The move is intended to strengthen Japan Post’s earnings base and help ease its transition into a private company.
Read MoreGerman postal services company Deutsche Post AG has saved some 500 mln Euro (USD606.9 mln) since it introduced a cost-cutting program in October 2002, aiming to reduce its costs by at least 1.4 bln Euro (USD1.699 bln) by the end of 2005, the company said on July 27, 2004. Following the program, Deutsche Post aims to achieve annual savings in the three-digit millions of euro, mainly through flexible working hours and a combined delivery of letters and parcels.
Read MoreThe U.S. Postal Service has given authorization to online stamp vendor Stamps.com, Santa Monica, CA, to market test PhotoStamps, a new PC Postage product that lets customers create postage with their own designs, images and photographs.
Read MoreThe Spanish postal service Correos y Telegrafos signed an exclusive agreement with Deutsche Bank back in 1999, leading to the creation of Correos DB. The two groups now split the profits 50/50. In the last four years the two groups have acquired 145,000 customers and are now expanding their range of products and services, which now includes mortgages and credit cards, as well as pension funds and insurance policies.
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