Tag: Europe

Slovenia's Aerodrom Ljubljana To Build 3.0 Mln Euro Terminal for DHL

Posted by | May 11, 2006 | |

Aerodrom Ljubljana, operator of the international airport of Slovenia’s capital, said on Thursday it will build a three million euro (USD3.8 million) terminal which it will let to the Slovenian unit of German-based global courier firm DHL. The construction of the new terminal is scheduled to be completed in 15 months and DHL will be able to carry out all of its operations in it, Aerodrom Ljubljana said in a statement.

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UK government under fire for removing business from POs

Posted by | May 10, 2006 | |

The Government came under renewed attack last night over its plans for the post office network. Ministers were accused of stripping business away from post offices without first deciding how big a network of offices it would keep and of causing “deep offence and concerns” to pensioners by scrapping the Post Office Card Account. The first accusation came from Aberdeenshire West and Kincardine Liberal Democrat MP Sir Robert Smith. He launched his attack following Commons exchanges in which Scotland Minister David Cairns said it was up to regulator Postcom how many offices would be needed to keep the legal requirement for Royal Mail to maintain a universal service. Sir Robert said maintaining a network of post offices in rural Scotland could not be done on the back of Royal Mail’s universal-service obligation, which had a “very minimal base”.

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Union attacks Royal Mail after pay rise imposed

Posted by | May 10, 2006 | |

The postal workers’ union bitterly attacked Royal Mail yesterday after the group said it would award a 2.9 per cent pay rise rejected by the union’s leaders. The Communication Workers’ Union said it wanted further talks on the offer and that imposing the deal was “premature and a blatantly hostile act”.
Dave Ward, deputy general secretary, said: “With Royal Mail’s prevailing attitude, a confrontation seems inevitable in the near future.” But Royal Mail said the staff were entitled to the money. “It is backdated to the beginning of April and it is right they should get it now.” The settlement follows payment last year of a bonus of Pounds 1,074 to its employees as reward for their co-operation in returning it to profit over the previous three years.

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Deutsche Post to appoint Juergen Weber supervisory board chairman

Posted by | May 10, 2006 | |

Deutsche Post AG’s current supervisory board chairman Josef Hattig announced at today’s AGM that he will be succeeded by Juergen Weber. The German mail carrier’s supervisory board will vote on the matter immediately after the conclusion of the AGM. Weber previously served as the chief executive of Deutsche Lufthansa AG.

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Deutsche Post to increase div payout ratio mid-term, mulls share buyback

Posted by | May 10, 2006 | |

Deutsche Post AG said it plans to increase its dividend payout ratio to shareholders over the medium term and that it may launch a share buyback programme to improve the stock’s performance. ‘Management and shareholders are pursuing the same goals of achieving an increase in the share price and returns, and thus securing the attractiveness of the company over the long term,’ chief executive Klaus Zumwinkel said in a statement released at Deutsche Post’s AGM. ‘One option we could consider is a share buyback and we will be reviewing this.’ Deutsche Post will pay a 2005 dividend of 0.70 eur, an increase of 40 pct compared to the year-earlier period.

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