Full Chairman’s Statement: I am pleased to announce a 12% increase in profit before goodwill amortisation and tax to £9.1m. These results continue to deliver progress in line with the Group’s Three Year Plan. The successful launch of UK Mail, and the continuing fast rates of growth in the HomeServe, Courier, International and UK Pallets businesses, are particularly pleasing.
Read MoreBusiness Post announces continued progress in line with the Group’s Three Year Plan. The successful launch of UK Mail, and the continuing fast rates of growth in the HomeServe, Courier, International and UK Pallets businesses, are particularly pleasing. Turnover increased by 23% to GBP109.9m and profit before goodwill amortisation and tax was up by a satisfactory 12% at GBP9.1m. The traditional second half bias is expected to be slightly more pronounced this year as a result of the Group’s newly-launched mail activities. Profit before tax was GBP8.8m and net cash inflow from operating activities increased to GBP8.3m from GBP6.0m. Peter Kane, Chairman, stated “The Board believes that the Group already contains the elements necessary for further substantial profitable growth, not only in UK Mail but also through its other businesses, which are collectively capable of driving double digit percentage growth. The Group’s strong financial performance and excellent cash flow characteristics place the Group in a good position to continue investing in new products and services and create further differentiation from its competitors.
Read MoreRetailers could miss out on billions of pounds by failing to invest in the technology to take advantage for consumer enthusiasm in multi-channel shopping.
The Future of Retail: a 2010 Vision, a report commissioned by Royal Mail, reveals vast potential growth for the multi-channel retail sector, but warns that retailers need to double their spend in technology to support multi-channel operations or risk threatening future growth of the sector.
The research, published today, was undertaken by a range of authoritative retail experts to offer retailers an insight on the multi-channel retail landscape and predictions into the future development of the industry.
Full report saved in PlibraryFuture of Retail a 2010 Vision – RM study
Read MoreDutch Public Prosecutor (OM) demanded a fine of some 59,000 euro (USD76,600) to be imposed on TNT Logistics, the express and logistics arm of the Dutch postal, express and logistics company TPG NV, for customs regulations infringements, it was reported on November 15, 2004. According to an OM official, TNT Logistics have made incomplete customs reports and it has performed shipments without the necessary customs clearance. Dutch customs officers registered a total of 109 infringements of TNT Logistics in a 14-months period. The national tax authority, the Belastingdienst, has imposed a fine of 453 euro (USD588) for each single infringement of the company.
Read MoreTPG NV unit TNT Logistics has dismissed Reynald Huck, the head of its French operations, due to ‘continuing problems’ at the unit, a spokeswoman said. Huck, who held the position for just under a year, will be replaced by Georges Ruiz of TNT Express. TPG has long suffered financial problems in France due to stiff competition. The group said it cannot rule out a complete withdrawal from the country.
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