Author: Archive

Potential for Hays from Consignias difficulties

Postcomm is increasingly minded to award licences for a range of competitive postal services to those who come up with the most creative ideas and have the best chance to deliver their promises. In the case of a prolonged postal strike, this programme of change might be brought forward. There are three main contenders for a postal licence. They are: Deutsche Post, the former state-owned German postal service, which has stakes in the DHL and Securicor delivery services and has been mentioned as a buyer for Hays; TNT, which has been bought by the Dutch postal service; and Hays itself, the only UK-quoted company with a look-in. Hays already operates an upmarket delivery service for lawyers and accountants, and has made a convincing case that it could run highly competitive deliveries in major cities, including London, Manchester and Edinburgh. Moreover, if the regulator were to slice away one sector of the market, such as direct advertising, then an application from Hays or Deutsche Post, whose shares are now quoted, would find favour.

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La Poste: Bigger Share of Banking Business

In French banking, La Poste (F.PST) – the national post office – has always been a force to be reckoned with. It has a 10% slice of the retail market and 15% of all checking accounts, putting it ahead of better-known rivals BNP-Paribas SA (F.BNP) and Societe Generale SA (F.SGF). But it also has a severe handicap: It has no banking license. Without one, it can’t lend money

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S Africa Post Office borrows one billion rand

The South African Post Office has
borrowed as much as 1 billion rand of depositors’ money held by the Postbank in
a bid to ease its crippling cash-flow problem and deliver social infrastructure
to the poor, Business Day reports. South African Post Office management moved
on Tuesday to assure account holders that their money was not at risk. CEO
Maanda Manyatshe said that depositors’ funds had been guaranteed by government

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