Tag: Europe

Dutch Sandd gets govt mail delivery contract

Dutch postal services company Sort and Deliver (Sandd) has won the right on an order with the Dutch Government to deliver part of its mail for a period of three years from 2006, the Dutch Finance Ministry said on December 13, 2005.

This includes 25 million units of addressed bulk mail a year. Each unit is to be delivered within a period of four days.

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Deutsche Post raises FY EBIT forecast to at least 3.7 bln eur, was 3.6 bln

Deutsche Post AG said its full year EBIT will reach at least 3.7 bln eur, up from its earlier 3.6 bln eur forecast because of a reduction in its health care provisions. It said that the reversal of these provisions will have a positive impact of 1.0 bln eur on this year’s EBIT result. However, this impact will be partially offset by 0.7 bln eur in new provisions relating to unspecified ‘optimisation measures’ and the creation of a new global corporate services divisions. In total, these effects will have a positive impact of 0.3 bln eur.

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UK Royal Mail appoints Wholesale Director

Royal Mail today announced the appointment of Stephen Agar, currently the Group’s Regulatory Affairs Director, as Director of its Wholesale arm, which deals with letters which are collected and sorted by Royal Mail’s competitors before being handed to Royal Mail for final mile delivery. Mr Agar will report to Ian Griffiths, the Managing Director of Royal Mail Letters, who joins the company early in 2006.

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Lane nets £3.9m in property deal

Lane group has exchanged contracts on a sale and leaseback of its property at Portbury.
Proceeds net of costs will be £3.9m and there will be an ongoing rental obligation for 15 years to the break clause, starting at £325, 000 a year. Bank facilities are confirmed, subject to the completion of the sale and leaseback.

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