Tag: Europe

Pims acquisition creates more direct mail capacity

Posted by | Jan 10, 2006 | |

Corporate Mailing Matters (CMM) has completed the acquisition of the business and assets of direct mail company Pims National. Pims will now trade as CMM National (a division of Corporate Mailing Matters), in a move which brings CMM’s annual turnover close to GBP30m. CMM said that the acquisition of such a profitable, well managed business with an experienced and capable management team, is designed to extend CMM’s production and management capacity to support the company’s growth objectives.

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Competition might mean the end of the Royal Mail's monopoly, but the 350-year-old organisation could still deliver surprises

Posted by | Jan 8, 2006 | |

THESE are testing times for Adam Crozier. The Royal Mail’s Falkirk-born chief executive has been facing the prospect of open competition for his pounds-6 billion-plus monopoly since January 1. Foreign players, including TNT and DHL, owned respectively by the Dutch and German national post offices, as well as Birmingham-based UK Mail, part of Business Post, are all eyeing up a slice of the action. Most of the 14 players who have been awarded UK operating licences by regulator Postcomm are hoping to cherrypick the most profitable parts of Royal Mail business.

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Royal Mail in race to appeal GBP50m ruling

Posted by | Jan 6, 2006 | |

Royal Mail has three weeks to appeal against a High Court judgment which found it be in breach of its own compensation scheme, or it will be forced to pay more than GBP50m to disgruntled bulk mailers. Industry watchdog Postwatch brought a judicial review against industry regulator Postcomm when Royal Mail withheld around GBP40m-worth of compensation from companies after failing all 15 of its minimum service targets in 2003 and 2004. Bulk mail customers should have automatically received compensation totalling GBP80m, but Royal Mail used late invoice payments as a reason to withhold 50 per cent of that. A Royal Mail spokesman says: “We will be carefully studying the full written judgment. But we expect to ask for leave to appeal against the ruling. It is too early to say what impact the ruling will have on our business with bulk mail customers.”

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Bid talk delivers Business Post rise

Posted by | Jan 6, 2006 | |

Troubled parcel delivery company Business Post soared 7.5 per cent, the biggest riser in the FTSE 250 yesterday on speculation of a takeover approach. The founding Kane brothers, Michael and Peter, own 52 per cent between them and there are rumours that a global operator such as Holland’s TNT has approached them about buying their stake. Such a move would force a bid for the whole company, which after yesterday’s rise of 25 dp to 368p has a market value of GBP200million. Other predators could include UPS of the US and Deutsche Post, although the latter may have competition issues since it bought Britain’s Exel in October for GBP3.7 billion.

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