After two years of strife, during which its share price has fallen from 500p to last night’s close of 243.5p, Old Mutual analyst Robin Byde believes the foundations for a turnround are finally in place.
Read MoreCommmentary on first half results
Read MoreAt today’s Annual General Meeting, Neil Benson, Chairman, made the following comments:
“Trading in the first quarter of the current financial year has been in line with our expectations. Our service performance is at its highest level for over two years. Preparations for the start of the FedEx contract on 3 September are well advanced.
The race is set. UK companies and privatised European postal services are jostling to get a foot in the door of the soon-to-be deregulated UK postal market. The new market regulator, PostComm, will fire the starting gun at the end of the month when it issues proposals on how to increase competition
Read MoreShares in parcels delivery group Business Post dropped 9 percent today as it warned first-half growth would be hit by slowing demand from its hard-pressed computer hardware customers.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
