Tag: Courier/Express/Parcels

Bulgarian home delivery firm BG Menu plans countrywide expansion

Posted by | Oct 18, 2005 | |

BG Menu, a Bulgarian home delivery company, plans to expand outside the capital Sofia next year to bank on the growing awareness of its services in the country, a senior company executive said on Tuesday. “This business is doubling in every three months,” BG Menu’s CEO Vladimir Davchev told a news conference where he presented the company’s new Web-based ordering system, developed together with Bulgarian web portal operator Netinfo.

Davchev said that BG Menu has attracted 7,000 regular clients since its launch in April but potential clients were many more.

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Trans-o-Flex gets the go-ahead for TT acquisition

Posted by | Oct 14, 2005 | |

The German CEP service provider Trans-o-Flex Schnell-Lieferdienst GmbH is now definitely in the ownership of TT Tour-Trans. The German cartel authorities recently gave their approval for the takeover. The companies agreed not to disclose the purchase price.

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Broker delivers another setback to Business Post

Posted by | Oct 14, 2005 | |

Business Post was the biggest faller among second-liners yesterday, dropping 10percent and adding to the misery of shareholders who have seen the value of their investment almost halve this year.

Brokers took a knife to expectations after Business Post said profits would come in “substantially lower” than last year. It blamed weakening economic conditions which meant its customers were cutting back, leading to a sharp deterioration in its core businessto-business parcel service.

Daily volumes of its Express delivery side during August dropped below those of the previous year. The company had also had to make a provision of Pounds 3.2 million to cover outstanding payments from franchisees relating to previous years. The group has almost 60 depots, of which 34 are run by franchisees.

Broker Altium was one of those behind yesterday’s fall after slashing its target from 450p to 400p and telling clients it was becoming increasingly concerned that trading and operational issues are likely to get worse.

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UK Business Post experiences more suffering as trading fears persist

Posted by | Oct 14, 2005 | |

Fears that trading at Business Post Group may have deteriorated since last month’s shock profits warning pulled the FTSE 250 mail operator down a further 5 per cent. At the time of last month’s alert, the company said the rate of decline in volumes in its UK parcel delivery service had slowed from August’s trough. However, Altium Securities remains cautious, suggesting that continued gloom from the retail and technology sectors indicates that the key Christmas period may be poor. Further, Andrew Nussey, analyst, believes there is a risk that selective price rises in delivery charges will not stick as business customers become more cost conscious.

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