Tag: Europe

UK ANC plans to deliver on back of GBP37m deal

Posted by | Feb 8, 2006 | |

Directors of one of the UK’s largest parcel carriers have increased their stake in the firm after completing a GBP37.3 million funding deal. ANC Group chief executive Mark Gittins and his management team now hold a 73 per cent stake in the Newcastle company after successfully agreeing to buy 50 per cent from institutional investors. Following the deal, the management team plans to increase investment in its vehicle fleet and is targeting further strong growth over the next three years. The team took over in 2001 and has since invested GBP10 million in growing the business, which employs 1,700. Mr Gittins said the deal would allow the company to gain an advantage amid consolidation in a market worth GBP2.5 billion a year. He said: “The express parcels sector is very competitive and ANC Group has not only held its unit cost base, but investment has given us the capacity to handle a further 35 million parcels a year.

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PalletForce grows by 25%

Posted by | Feb 8, 2006 | |

PalletForce plc reported a 25% increase in turnover to (pounds sterling)5.03m for the year ended August 31, 2005, compared with (pounds sterling)4.02m in 2004. The Lichfield-based network’s pre-tax profit rose 7.0% to (pounds sterling)1.25m for the year, compared with (pounds sterling)1.17m in 2004. The directors’ report said: “During the year the company once again made ground within the pallet network market. Members delivered in excess of 1.2 million pallets during the course of the year with an average of nearly 5,000 pallets per night.”

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Hungary on list of banned countries for online orders

Posted by | Feb 7, 2006 | |

Several international online retailers have included Hungary on their list of banned postal destinations after repeated complaints about lost shipments, national daily Magyar Hirlap reported on Tuesday. Online shops cd-wow.com and threadless.com do not deliver to Hungary at all, while amazon.com has placed certain Hungarian addresses on a list of banned destinations, the paper said.
According to Magyar Hirlap, there appears to be a Bermuda triangle for mail orders in Hungary, which affects both domestic and international senders and explains why most Hungarian online shops use private delivery services instead of Magyar Posta, the Hungarian post office.

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Deutsche Post probed for alleged dumping in mail ops

Posted by | Feb 7, 2006 | |

German regulator Federal Network Agency has started a formal investigation into Deutsche Post AG for allegedly dumping in its mail operations, Frankfurter Allgemeine Zeitung said, citing sources. Based on complaints filed with the agency, it said Deutsche Post had attempted to curtail competition in the area of letter collection, sorting and delivery through its wholly-owned unit Deutsche Post In Haus Service GmbH (DPIHS). It is alleged to have offered bundling of mailshots from federal agencies at special conditions, matching the offers from competitors for such services. Lawyer Christian von Ulmenstein, who represent the complainants, told the newspaper that by offering these extra services plus the regular offerings in-house, Deutsche Post has curtailed competition in the sector and abused its market position.

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