Tag: Europe

Proposed increase in Malta postage tariffs

Posted by | May 29, 2006 | |

On 10 March 2006, Maltapost plc submitted an application to the Malta Communications Authority (MCA) for a revision in its current tariff structure.
In its proposal Maltapost plc requested an increase of 2 cents for a local letter weighing up to 50g (also known as a standard letter), which at present is 7 cents. This meant also that each additional weight-category would increase by 2 cents. The MCA is proposing a 1 cent increase in the 0-50g weight-step, while maintaining the additional weight-categories at their current levels, after it took into account various considerations.

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An Post's business acumen delivers profits, but not goods

Posted by | May 28, 2006 | |

If there were international awards for playing the “poor mouth”, An Post’s trophy cabinet would be bulging. On Thursday it announced it had secured E107m for its former SDS site beside the Red Cow roundabout on the Naas Road. For the past two years, An Post senior management played down the value of the site to avoid attracting any unwanted attention from the unions. One report in 2004, from a reputable newspaper, estimated the SDS site to be worth E23m to E27m -which turned out to be E80m less than the price achieved. Hmm. The post office management even went as far as to admonish one cheeky Sunday Times reporter who had the temerity to suggest the site might be worth E70m or more.

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ANALYSIS: Is Royal Mail guilty of having its cake and eating it?

Posted by | May 26, 2006 | |

News that the Government is giving Royal Mail GBP1.7bn – on top of the recent price control – to update its service and get its pension fund back on track has irked many. But the watchdogs are firmly on-side. The Government’s decision to hand out GPB1.7bn to Royal Mail has been met with fury from competing postal operators. TNT Post UK chief executive Nick Wells has branded it “murky”, adding: “The game’s not being played on a fair playing field and I’d like to know where the referee is.” Opposition parties have also hit out at the move. But what do direct marketers think? One industry source claims Royal Mail is having its cake and eating it: “Postcomm’s recent price control was very generous – we assumed it was set on the basis that there wasn’t going to be any Government aid. For Royal Mail to receive both seems very one-sided.”

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Italy post office ready to be privatised, worth 10 bln eur – CEO

Posted by | May 26, 2006 | |

Massimo Sarmi, CEO of the Italian post office Poste Italiane SpA, said the company is ready to be privatised and that estimates of a market value of about 10 bln eur are ‘realistic’. Speaking in a meeting with the foreign press, Sarmi said it could take a year for the government to organise an IPO, but a direct sale to institutional investors could be much faster. He added that he has not yet meet the new government of prime minister Romano Prodi, who was sworn in on May 17. Poste Italiane is controlled by the economy ministry with a 65 pct stake, while 35 pct is held by the financial group Cassa Depositi e Prestiti SpA, which is owned by the government and private foundations.

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TNT to sell logistics division for at least 1.15 Bln Euro

Posted by | May 26, 2006 | |

TNT NV intends to sell its Logistics division, which has been up for sale since December 2005, for at least its current book value of 1.15 bln euro (USD1.471 bln), CEO Peter Bakker said on May 26, 2006. TNT expects to complete the divestment process in the second half of 2006. There are several options for using the sale proceeds, including an additional share buyback programme, a one-off dividend distribution and investments in the company’s further growth, Bakker added.

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