Tag: Europe

Four organisations win Europe’s most prestigious award for business excellence

Posted by | Nov 8, 2006 | |

The winners of the EFQM Excellence Award were announced last night during the EFQM Forum Gala Dinner celebration in Budapest, Hungary. Over 700 senior executives and business leaders from 45 countries witnessed the presentation of the Award by Ferenc Gyurcsány, Prime Minister of Hungary, to four organisations: BMW Group Chassis and Driveline Systems Production, TNT Express GmbH, Grundfos A/S and in the public sector, St. Mary’s College Londonderry. The EFQM Excellence Award recognises industry leaders with an undisputable track record of progress and results for both financial and non financial performance. The Award, which is given to Europe’s best performing companies and not-for-profit organisations, is Europe’s most prestigious award for organisational Excellence.

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Parcelforce adds 50p to C-charge deliveries

Posted by | Nov 7, 2006 | |

The Royal Mail’s courier business is introducing a 50p levy for deliveries inside the congestion charging zone.

Parcelforce said it was following competitors in the parcel delivery business by adding a surcharge for deliveries in central London.

A Parcelforce spokesman said it was difficult to estimate how much of the charge would be recovered. But he said the 50p surcharge paid by the sender covered consignments rather than individual items. “This is a very competitive market and we have to cover costs,” he said.

However, one of its biggest rivals, TNT, denied it had imposed a levy – and Transport for London said it had no record of any business asking customers to foot the bill. TNT said the c-charge was costing its operations Pounds 1,100 a vehicle a year but added it was absorbing the extra cost.

Some companies are believed to have passed on the extra costs in higher tariffs but Parcelforce has gone further by itemising the impact of the charge on its operations. Two years ago Royal Mail estimated the charge was costing its letters and parcel businesses Pounds 2 million a year.

Now business customers fear other delivery and transport groups will follow Parcelforce, which delivers around one million parcels a week nationwide.

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The Wine Society benefits from a cross-depot solution to its distribution needs from PalletFORCE

Posted by | Nov 7, 2006 | |

PalletFORCE Member, Beattie Brothers has enhanced the service it offers to its customer, The Wine Society, by setting up a warehousing deal with fellow PalletFORCE Member, Transvan.

The world’s oldest co-operative wine club, the Wine Society delivers to members nationwide from its base in Stevenage. The company has its own fleet of vans based around the country, which are used to deliver locally from nine strategically located warehouses.

The company has been using Beattie Brothers to deliver pallets to these warehouses for several years and was sufficiently confident of their relationship that, when Beattie Brothers moved from Palletways to PalletFORCE, The Wine Society was happy to follow suit.

Recently, The Wine Society needed to find a new warehouse for the Manchester region, and Beattie Brothers suggested using fellow Member Depot Transvan, based in Aston-in-Makerfield, near Liverpool.

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Postbank grows further. Profit before tax rises 18.6 percent in the first nine months

Posted by | Nov 7, 2006 | |

Deutsche Postbank AG grew further in the first nine months. Compared with the first three quarters of 2005, its pre-tax profit climbed 18.6 percent to EUR 651 million (the comparable data for the first three quarters of 2005 are pro forma data in which BHW and the branches are included arithmetically). After adjustment for special effects, especially as a result of the integration, operating profit before tax increased in the first nine months by 31.1 percent year-on-year to EUR 720 million. The cost/income ratio improved from 75.2 percent to 70.1 percent. In the traditional banking business, i.e. excluding Transaction Banking, the ratio fell more sharply still from 74.0 percent to 68.6 percent. Return on equity before tax rose from 14.9 percent to 17.3 percent.

Total income improved further by 5.5 percent to EUR 3.0 billion. Balance-sheet related revenues – in other words the total of net interest income, net income from investment securities and net trading income – jumped 8.0 percent to EUR 2.0 billion. The growth driver here remained the net interest income which picked up pace again when compared over nine months. Supported by the expanded volume of customer loans, it increased by 9.1 percent to EUR 1.6 billion. Net income from investment securities rose by 2.2 percent to EUR 183 million and net trading income by 4.6 percent to EUR 181 million.

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TNT starts share repurchase program of up to euro 1.0 billion

Posted by | Nov 6, 2006 | |

Today TNT N.V. starts a share repurchase program of up to euro 1.0 billion, which will be executed by ABN AMRO Bank N.V. The announcement follows the completion of the sale of its Logistics business as per 4 November 2006. It is TNT’s intention to cancel the ordinary shares acquired through the repurchase program.
Given the share buyback value of up to euro 1.0 billion, the approximate maximum number of ordinary shares to be repurchased under this repurchase program is 32.9 million, calculated on the basis of the last trade prior to commencement of this repurchase program.

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