A positive set of figures from Business Post (BP) in the six months to 30 September reflected both strong growth in its core express business and the rapid development of the group’s newer, smaller business units. Pre-tax profit was up 6% to £7.1m ( t11m) on turnover which increased by 15.7% to £72.9m (£113.7m).
Read MoreThe public postal corporation to replace the Postal Services Agency in April is to be unofficially called Japan Post, sources said Friday.
The corporation will use a new logo in addition to ?, which the agency has used for more than 100 years. The agency is considering accepting proposals for the new logo from the public, the sources said.
Read MoreA postal experiment which cut deliveries to one a day in parts of Merseyside has been branded a shambles.
Royal Mail officials have put plans to introduce the scheme across the country on hold, after major problems with the pilot programme in St Helens.
Union representatives have been holding a series of meetings with Royal Mail management after what they describe as three months of “absolute chaos”.
Read MorePosten’s President and CEO, Lennart Grabe, steps down from his post today. Börge Österholm, formerly Executive Vice President of Posten, will serve as interim President and CEO. An executive search is underway to identify his successor. Former President and CEO of Telia, Marianne Nivert, will strengthen Posten’s board of directors.
Read MoreThe government is proposing freezing postal tariffs until 2007 when full liberalisation of the post market is expected, the deputy minister for economic affairs said in a letter to parliament. This follows an evaluation of the current tariff management system by the competition authority NMa and the postal and telecoms watchdog Opta as well as a study by the National Economic Research Associates.
Read MoreHays, the UK’s main rival to the Royal Mail, is threatening to sue over the Royal Mail’s exemption from as much as GBP500m (E785m) of value added tax (Vat). Hays and the Royal Mail’s other competitors including Business Post, Dutch operator TNT and the German carrier Deutsche Post are upset that they have to pay Vat on their business post services which compete with the mail, which is so far excluded from paying it.
Read MoreAs of 1 January 2003, Deutsche Post is to take over the relocation and address registration service, ich-zieh-um.de GmbH. The firm’s current majority shareholder, RWE Com GmbH & Co OHG, is selling all the shares it acquired in August 2001 to Deutsche Post, following the reorganisation of its investment structure. ich-zieh-um.de’s service will make it easier for customers to register their new address and provides tips and advice on moving home.
Read MoreRoyal Mail Group’s Chairman, Allan Leighton, said today the first signs of financial stability had emerged in the interim results for the first half of the year. In the six months to the end of September 2002, the company made a trading loss of £147 million, £72 million less – a 33% improvement – compared to the first half of the previous financial year. Losses amounted to £1.1 million a day, compared to a £1.7 million daily loss in the first half last year, and an average of £1.2 million a day in the whole of last year.
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