Struggling support services group Hays hung a “for sale” sign around the necks of three of its four businesses yesterday, after posting a 23 per cent dive in first-half profits.
In an attempt to get back on track, Hays said its business services, haulage, and even its fledgling mail delivery business will be sold off, leaving the group to concentrate on its recruitment division.
Read MoreRoyal Mail executives may take some comfort from the expected sale of the mail operation of Hays, one of its few new domestic rivals.
However, most observers expect that the mail business, which is profitable and thought likely to fetch between Pounds 350 million and Pounds 450 million, would provide stiff competition, even if it were placed under new ownership.
Read MoreThe state-owned Russian Post company plans to receive USD400 million in revenues from new services by 2006, the company’s acting director Igor Syrtsov told a news conference Wednesday.
In 2002 the revenues from these Internet-related services accounted for 3% of the postal service’s total revenues.
Read MoreSurvey results released today by Communication Managers Section of Amicus, the union for managers and professionals in Royal Mail, found that management staff believe that the organisation continues to lack the skills, direction and leadership to cope with the challenges it faces. The Royal Mail is currently awaiting finalisation of postal services regulator Postcomm’s price control proposals and the introduction of competition.
The survey was carried 1600 managers and senior managers across the UK.
Read MoreFormer NZ Post chief executive Elmar Toime has started his new job as executive deputy chairman at Britain’s Royal Mail.
His last day at NZ Post was late last week. His deputy John Allen has taken the helm while an international search is undertaken to find a replacement.
Read MoreEmirates Post and Deutsche Post have signed a Memorandum of Understanding (MoU) to explore enhanced business cooperation between the two postal corporations, including expanded scope for the Emirates Post’s international mail transit hub located at Dubai International Airport.
In addition to expanding the scope of the Emirates Post mail transit hub, the two sides agreed to explore the possibilities of Emirates Post using Deutsche Post’s mail hub facilities based in Frankfurt.
Read MoreEmirates Post and Deutsche Post yesterday signed a Memorandum of Understanding (MOU) to explore enhanced business cooperation between the two postal corporations, including expanded scope for the Emirates Post’s international mail transit hub located at Dubai International Airport.
Read MoreExel, acquired 100% of Eagle Freight and 40% of Ukhozi Logistics in South Africa on 1 January, 2003. The acquisition of Eagle Freight and the investment in Ukhozi Logistics strengthens Exel’s existing airfreight network and significantly augments the seafreight business. Exel is now positioned within the top 10 logistics providers in South Africa.
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