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Regulator defied as Royal Mail plans price rise

Allan Leighton, the chairman of the Royal Mail, raised the stakes in his battle with Postcomm yesterday with plans to increase some delivery charges in defiance of Postcomm’s wishes.

Price rises are being imposed on airmail postcards, letters, printed papers and small packets. The cost of sending parcels weighing more than 350 grammes will also rise. Postcomm has said that it wants to curb prices on airmail and parcels to compensate for allowing the price of first and second class stamps to rise by 1p each. However, the loss-making Royal Mail has complained that any move on those services would cut Pounds 460 million from its sales.

The price increases, ranging from 1 per cent to 5 per cent, are controversial because they come just weeks before final pricing plans for Royal Mail are due to be announced by the regulator.

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Mail service watchdog predicts acceptable compromise over postal prices

The postal regulator will not be “bullied” over its plans to limit Royal Mail’s price increases but the mail operator would be able to “live with” its final proposals, Graham Corbett predicted yesterday.

The chairman of Post-comm, whose commissioners will meet today to finalise its plans after three months of consultation, said: “I don’t expect they (Royal Mail) will be delighted but I hope we can come up with something they can live with.”

The regulator’s decision will be made public towards the end of next month following further discussions with Royal Mail, Postwatch and the unions and amendments to Royal Mail’s licence.

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Managers Union gives cautious welcome to Royal Mail appointments

The Communication Managers (CMA) section of Amicus representing 14,000 managers and senior managers has today given a cautious welcome to the appointments of Elmar Toime as Deputy Chairman and Adam Crozier as Chief Executive of Royal Mail.

Peter Skyte, National Secretary, said: “We welcome the need for a fresh Royal Mail leadership in facing the financial, commercial and competitive challenges now and in the future, and to avoid the need for more of the workforce ending up on the bench.

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New Zealand Post appoints Chief Financial Officer

New Zealand Post announced today the appointment of Peter Schuyt to its senior leadership team in the role of Chief Financial Officer from 27 January 2003.

New Zealand Post Chief Executive Elmar Toime said Mr Schuyt brings with him a strong commercial background as well as sound financial management skills.

“Peter has an excellent record in senior leadership positions with a variety of companies in New Zealand and we are pleased to welcome him to New Zealand Post. His most recent role was as Chief Financial Officer for NZMP, Fonterra’s major operating unit, where he was also part of their Global Leadership Team.

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New Zealand Post and Kiwibank expand network

The small coastal community of Mangonui in the Far North is to be the first place in New Zealand to benefit from a special project launched by New Zealand Post and Kiwibank to expand services.

“New Zealand Post and Kiwibank are delighted to announce that a new PostShop, including full banking facilities, will be opened in Mangonui early in the New Year”. said Mr Elmar Toime, New Zealand Post Chief Executive.

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Former Lucent CFO to join Citigroup as top strategist

Citigroup Inc’s revolving door has spun again, ushering in the second senior female executive and second former telecommunications manager to join the company since October.

Citi said Tuesday that it had hired Deborah C. Hopkins, a consultant and a former chief financial officer of Lucent Technologies, to head corporate strategy. Ms. Hopkins, 48, will also join the management committee.

Sanford I. Weill, Citi’s chairman and chief executive, has been reshaping his 46-person management committee for some time, and many of the moves have been reactions to probes from regulators about conflicts of interests in the company’s investment bank.

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China further opens transport market

The road has become easier for overseas freight carriers who are seeking to further penetrate the Chinese transportation market.

Foreign logistics firms can take 75 percent of shares in the road transportation industry from this month, according to a Ministry of Communications document. They can set up holding companies in the road transportation sector in one year’s time – and solely funded companies in three years.

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