UK Royal Mail's rivals deliver new blows
The BBC, banking giants HSBC and HBOS and mobile phone groups O2 and Orange are set to give the Royal Mail the sack – the latest major companies to quit the state-owned postal operator over cost and service levels. The defections are likely to see more than two billion letters handled this year by private postal operators in contracts worth upwards of pounds 300 million. The BBC and O2 are close to taking their business to UK Mail, the postal arm of troubled quoted courier group Business Post. It is understood UK Mail is also vying with main rival TNT to win lucrative work for HSBC, Halifax group HBOS and Orange. UK Mail, TNT and the DHL arm of German giant Deutsche Post are aggressively targeting major corporates to take bulk postal contracts away from Royal Mail.
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