Business Post has acquired BXT a technical courier for GBP1.8m. BXT has a turnover of GBP4.3m and pre tax profit of GBP0.3 million. (The consideration of £1.8m = 6 times the pre tax profit). The acquisition of BXT provides Business Post with an entry into the technical courier market as a value-added addition to the Group’s own expanding courier
business, UK Today.
Its all change at business post, which has dropped its yellow and black livery favour of a new design using red, white and blue.
The new colours will clearly avoid any confusion with Deutsche Post, which uses yellow and black and should not be confused with those of Federal Express, which is an important Business post consumer.
Shares in Business Post fell 5 per cent to 356.5p after the mail delivery group warned that its hopes of setting up a rival business post service to Royal Mail had been delayed. The group, which owns UK Mail, is waiting for the postal regulator to rule on how much it must pay Royal Mail to get its postal workers to deliver UK Mail’s post to home addresses. Business Post admitted it was unlikely to launch the service – planned for this month – until nearer the summer. The UK market for bulk mail is worth about pounds 1.4bn annually.
Read MoreDelay for UK Mail Determination
Read MoreBusiness Post announces that it has been advised by the Postal Services Commission (“Postcomm”), the independent postal industry regulator, that the publication of its determination of UK Mail’s access to Royal Mail’s delivery network for public consultation will be later than originally anticipated.
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