Tag: Europe

UK village post offices: what next?

Posted by | Mar 8, 2006 | |

Innovative alternatives to the traditional post office could provide postal products to rural communities more cost-effectively, a report revealed today.
In a series of trials, more than 50 villages were provided with the products normally available in their local post office a range of different ways. A “virtual service”, in which customers could order products such as stamps over the phone or internet for home delivery, and a mobile service which tours villages in a van, were among the methods piloted by the Post Office study.
The Rural Pilot Activity also tested services where the post office was provided in a local shop or church hall or a post office employee travelled to the village to provide the service in a host premises. There are currently 8,000 rural Post Office branches, most of which make a loss. The Government pays a £150 million social network payment each year to maintain rural post offices, which it is committed to paying up until 2008.

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DX Services PLC – Interim Results

Posted by | Mar 8, 2006 | |

DX Services plc anounces interim results for the six months ended 31 December 2005. Financial highlights
* revenue was similar to last year at £64.6 million (2004: £66.8 million)
* operating profit before senior management transition costs of £0.8
million was £12.7 million (2004: £15.6 million)
* net cash generated by operations was £14.1 million (2004: £20.1 million)
* net debt was £70.0 million at the period end, after funding a share buy
back of £9.4 million
* basic EPS 8.3 pence (2004: 8.8 pence); adjusted EPS before non-recurring
costs 8.9 pence (2004: 10.7 pence)
* interim dividend will be 4.2p per share – an increase of 5%

Paul Kehoe, Chief Executive, commented:

“We have an excellent platform in the ‘blue box network’, built around the existing Document Exchange. This allows us to be the best quality low-cost carrier of next day mail across the UK. To achieve our goals we have today brought forward proposals which will ensure that we control our cost base, reward our staff, create wealth for our shareholders and grow a sound and profitable business focused around our customers”.
P:LibraryPostalDX interim results to Dec05.doc

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Swiss Kuehne & Nagel not to bid for Dutch TNT Logistics unit

Posted by | Mar 8, 2006 | |

Swiss logistics company Kuehne & Nagel International AG (K&N) gave up bidding for Dutch mail and logistics group TNT NV’s logistics division, Het Financieele Dagblad said on March 2, 2006. According to K&N CFO Gerard van Kesteren, TNT’s price for its logistics business – between 1.5 bln euro (USD1.805 bln) and 1.8 bln euro (USD2.165 bln ) – is too high. K&N was chiefly interested in TNT’s Asia/Pacific logistics activities and not in the whole division, Van Kesteren added. The CFO said a private equity group has approached K&N in order to bid jointly with the Swiss company for the whole TNT Logistics. The group offered K&N to take over the whole of the TNT division two years after the deal. However, the Swiss company decided not to participate in the bid.

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DX Services PLC – Interim Results

Posted by | Mar 7, 2006 | |

DX Services plc announces interim results for the six months to 31 December 2004, the first since the company was listed on the London Stock Exchange on 1 November 2004. DX delivers over one million items per day and operates a UK-wide, end-to-end network including collection, sortation and final mile delivery. Financial highlights include turnover increased by 0.6% to GBP66.8 million and operating profit was GBP 15.4 million before goodwill amortisation, exceptional demerger costs and interest, and after charging GBP 2.0 million of planned investment in developing the Mail service and independent business processes. Peter Brougham, Chief Executive, commented: ‘We are delighted to report that DX Services has delivered to our expectations in the six months to December 2004. The clear strategy that we outlined during the run up to demerger has served us well, and our positioning as a credible provider of high quality B2B mail and parcels services through our own end-to-end network continues to be unique in the deregulating market place and as such provides an excellent opportunity for growth.

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EuroExpress appoints new partners in the UK and Benelux from 1st May 2006

Posted by | Mar 7, 2006 | |

The EuroExpress Network have appointed two new members effective from 1st May 2006. EuroExpress services in the UK and Ireland will be provided by ANC Express, the UK’s largest independent express parcels company, with 85 depots, 5,000 employees and 15,000 customers. The new Partner for the Benelux Region will be Raben, a logistics company with 3,500 employees, strategically located in Utrecht and Boom. With Raben the group is also strengthening its network in Eastern Europe, especially Poland and the Baltics. The former partner, Lynx Express, responsible for the services in UK, Ireland and Benelux – was acquired by UPS in November 2005.

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