Insiders said China’s cargo carrying market will see a boost, despite the losses that some domestically listed carriers reported in the first-half year. Insiders said the situation is soon to improve, as cargo business will be the aviation industry’s new source of profit
Read MoreTNT Post Group NV will report Thursday first-half net profit of 243-270 mln eur, up from 229 mln a year ago, with earnings per share at 0.51-0.57 eur against 0.48 last year, analysts said. Analysts expect TPG to reiterate its forecast for a 20-25 pct increase in full-year net profit, with first-half figures showing a similar percentage increase. A stable Mail division along with acquisitions and double-digit organic growth at the Logistics division are expected to offset any weakness in the Express activities due to the economic slowdown.
Read MoreTrade and Industry Secretary Patricia Hewitt today saw for herself how a revolutionary new programme will transform the local Post Office into a hi-tech information centre, with advice available at the touch of a button. The programme is to be piloted across Leicestershire over the next six months.
Read MoreThe Turkish post office (PTT) said on Thursday it was in talks with private banks to set up a ‘postbank’ at its branches nationwide, a move it said would not add to a list of state banks plaguing Turkey’s financial system
Read MoreA senior official said Thursday Poland’s state-owned postal service Poczta Polska SA has rejected a 400 million zloty ($1=PLZ4.2587) bid from Austria’s Raiffeisen Zentralbank (R.RFZ) for a stake in its banking arm, the Polish Press Agency reported.
Read MoreA clash between the Department of Trade and Industry and the Treasury over the future of sub-post offices is threatening to undermine next year’s launch of the Universal Bank.
Read MoreDigital identities providing electronic signatures to every UK consumer
are set to be distributed through the Post Office branch network from
early next year. Industry observers believe the initiative, which follows a similar
scheme launched in Ireland last week, could boost consumer confidence
in e-commerce.
Rival logistics companies have urged Germanys
Economics Minister Werner Muller to review Deutsche Post AGs
exclusive right to provide letter delivery services in Germany
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