Tag: Europe

Business Post says Q1 trading in line with expectations

Posted by | Jul 11, 2006 | |

Business Post Group PLC said first quarter trading was satisfactory and in line
with the board’s expectations.

In a statement prepared for today’s AGM, chairman Peter Kane said the performance improvement initiatives within Parcel Services continue to make progress.

Parcel Services, comprising the overnight business-to-business, business-to-consumer, and cross-border parcel delivery activities, continues to make steady progress following the difficulties experienced in 2005, Kane added.

He said service levels have remained at a very high standard and the programme of reducing unit costs within the Linehaul operation is proceeding to plan.

Further progress has also been made in improving the performance of the franchise network.

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Finland Post To Buy Norwegian Universal Spedisjon

Posted by | Jul 10, 2006 | |

Finland Post Group said on July 10, 2006 it would acquire Norwegian logistics firm Universal Spedisjon AS from the two families owning it.

No financial details were available.

The transaction is subject to approval by the Norwegian Competition Authority. It will not affect Universal Spedisjon’s staff of 75.

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Protect UK Royal Mail by giving it away, says Yeo

Posted by | Jul 10, 2006 | |

The former Conservative minister Tim Yeo today calls on the Government to give away Royal Mail as part of a pounds 4bn plan to safeguard the future of the organisation.

Mr Yeo, the Tory MP for South Suffolk and an ex-environment minister in John Major’s government, says the proceeds should be re-invested in the business to help motivate its workforce, protect rural post offices from closure and plug the hole in its pension fund.

Under the Yeo plan, Royal Mail’s shares would be split into four. A quarter would be given to employees, each of whom would get shares worth an average of pounds 5,000, a quarter would be allotted to Royal Mail’s pension fund and a quarter would go into a trust fund set up to prevent branch closures. The remaining quarter would be sold to the public in a flotation, providing a pounds 1bn cash injection to finance future Royal Mail investment.

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Internet takes over as catalogues slow down

Posted by | Jul 10, 2006 | |

The UK’s GBP37bn (EUR53bn) home delivery sector grew by just 3.2% in 2005, little more than half 2004’s growth rate of 5.6%, according to Verdict Research.

A slide in sales at traditional mail operators and consumer reluctance to make big-ticket furniture purchases was behind the slowdown, the researcher said.

“While sales via the internet and TV shopping channels made impressive strides, they have not been enough to prevent a sharp drop in growth in the UKs home delivery market overall, said Nick Gladding of Verdict. Mail order home delivery sales are down GBP585m (EUR842m) on 2002 levels while door-to-door channel sales growth levels have plummeted from 10% in 2004 to just 1.2% in 2005.” Internet sales, however, increased by 28.9% last year, and for the first time more than half of all home delivery shoppers placed orders online.

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