Tag: Europe

German Deutsche Post Might Start Paying VAT on Mail Deliveries 2008

Posted by | Jul 18, 2006 | |

German postal services group Deutsche Post AG could start paying value-added tax (VAT) for its courier, express and package services after the revocation of its exclusive licence on mail dispatching, German economic newspaper Wirtschaftsmagazin Euro reported on July 17, 2006, citing sources from the German Ministry of Finance.

Deutsche Post currently holds a monopoly on the dispatching of letters and catalogues of up to 50 grammes.

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German Postbank Set to Expand Mobile Sales After BHW Takeover

Posted by | Jul 18, 2006 | |

Deutsche Postbank AG, the banking arm of German postal services group Deutsche Post AG, plans to increase the annual profit per customer in its mobile sales business after the takeover of German mortgage lender BHW Holding AG and its integration into Postbank, the bank’s CEO Wolfgang Klein said in an interview on July 18, 2006.

Currently, Postbank generates some 100 euro (125.2 USD) profit per mobile customer annually, while the old BHW business has an annual profit of some 300 euro (376 USD) per mobile customer.

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UK Royal Mail managers to vote on walkouts

Posted by | Jul 17, 2006 | |

Union leaders are set to hold a strike ballot among 12,000 Royal Mail managers and supervisors in the dispute over pay.

Officials at Amicus argued that an informal offer means 4 out of 10 senior staff would receive less than the inflation rate and would in effect suffer a drop in income.

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Luxembourg Pin Group To Grow Further in Germany

Posted by | Jul 17, 2006 | |

Luxembourg-based private mail delivery group Pin Group plans to become the second-largest sector company in Germany after Deutsche Post, group CEO Guenter Thiel said on July 14, 2006.

Pin Group, owned by German publishers Georg von Holtzbrinck, Axel Springer and WAZ, as well as by investment company Rosalia, plans to cover the entire German territory by the end of 2006. The group expects to pay its first dividend in 2008, when Deutsche Post’s monopoly will expire.

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German Deutsche Post More Valuable in Pieces – Reports

Posted by | Jul 17, 2006 | |

German postal services group Deutsche Post AG will be more valuable if broken up and sold in pieces, according to estimates of a number of prominent investment banks.

Financial investors might take over the group in one piece and make a profit from the sale of its separate units, German weekly WirtschaftsWoche reported on July 17, 2006.

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