Author: Archive

Royal Mail Group announces new-look board and far-reaching changes to top management

Posted by | Nov 6, 2002 | |

Royal Mail Group Chairman Allan Leighton today announced a new Board structure together with far-reaching changes to top management pay and conditions across the Group.

Mr Leighton said: “These are major changes. We have to move much more than just the deck chairs if we want to avoid being another Titanic! Seven external Board appointments and two internal promotions show that we mean business and we are starting from the top.”

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Panel eyes new body to run Japan's 3 postal services

Posted by | Nov 6, 2002 | |

The committee charged with setting up Japan’s new postal corporation, which will take over the Postal Services Agency’s three areas of operation in April, wants the new body to continue to offer its three core businesses nationwide, it was learned Wednesday.

In a draft medium-term management plan for the new organization obtained by Jiji Press, the committee calls for the new corporation to maintain independent accounting for each of the three mainstay services–mail, savings and insurance–and to disclose information on management, while retaining the postal service network.

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Post Office plans to offer mortgages

Posted by | Nov 6, 2002 | |

The Post Office is preparing to offer customers mortgages in direct competition to banks and building societies.

David Mills, appointed in February to turn round the organisation’s fortunes, believes this is the key.

Under the scheme, the Post Office, which is losing (pounds) 163m a year, would offer a full range of financial services, including mortgages, through its 17,500 outlets.

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Panalpina to acquire share of Luxair

Posted by | Nov 5, 2002 | |

Panalpina, a provider of airfreight services, is engaged in negotiations to acquire a 12.1 per cent stake in Luxembourg airline, Luxair.

The Swiss company, based in Basel, said in a statement that negotiations between Luxair’s major shareholders and Panalpina have reached an advanced stage.

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Toll takes $20m Mayne express to success

Posted by | Nov 5, 2002 | |

Toll Holdings shares are expected to rally today following the company’s acquisition of a stake in the Mayne logistics group.

Toll’s share price could bounce as much as 5 per cent as retail and institutional investors give the thumbs-up to the purchase of the Mayne Express freight company for $20 million.

Jason Smith, transport analyst with Solomon Smith Barney, told The Australian: “The stock is expected to open strongly as the company’s increased earnings are reflected in analysts’ upgrades.”

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The DMA applauds findings – postage rate increases down

Posted by | Nov 5, 2002 | |

The Direct Marketing Association (The DMA) today applauded the announcement from the United States Postal Service (USPS) that it may be able to delay future postage rate increases until at least calendar year 2006. This action, however, depends on a change to the current legislative formula that controls how the USPS funds its employees’ retirement. The change to the law is required to ensure that the American mailing public does not overpay for postage.

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Europe, Latin America tops list of business mail targets from survey at DMA show

Posted by | Nov 5, 2002 | |

Deutsche Post Global Mail, the reliable international mail services provider, today announced results of a random survey of businesses that send mail internationally conducted at the annual DMA Conference. Survey respondents identified Europe and Latin America as the regions they are most interested in reaching with business mail. The 85th annual event, hosted by the Direct Marketing Association, was held in San Francisco from October 19-22.

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Competition on the Dutch mail market formalised

Posted by | Nov 5, 2002 | |

Today sees the official start of operations by Selekt Mail Nederland. At the beginning of July this year, shareholders Deutsche Post and Dutch publisher Wegener announced plans to found a joint venture.

They were merging the addressed mail services provided by both companies at that time. The competition authorities have now given their approval and Selekt Mail Nederland is now able to start fulfilling its ambitions.

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