Tag: Europe

Minister ends hope of private capital for UK Royal Mail

Posted by | Nov 15, 2005 | |

Royal Mail chairman’s hopes of raising private investment for the organisation have been dashed by the Trade and Industry Secretary, who will use legislation to sanction shares only for employees. Allan Leighton had wanted to bring in investment in return for a 10 per cent holding in Royal Mail, in addition to giving a 20 per cent stake to its employees. However, Alan Johnson, the Trade and Industry Secretary, has told The Times that the Government would consider only employee ownership of the state-owned organisation in a share trust. Mr Johnson said that Mr Leighton had done “a tremendous job” at Royal Mail, but added: “Whatever idea he had, he understands completely that we will not privatise Royal Mail . . . We are looking at a share trust and that is the only thing we are looking at in terms of the ownership of the company.”

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John Hogan new CEO for Hagemeyer UK

Posted by | Nov 15, 2005 | |

Hagemeyer is pleased to announce that John Hogan (44) has been recruited as the new CEO for Hagemeyer UK and Ireland. His mission is to complete the Hagemeyer UK turnaround and realise the growth potential of the Hagemeyer UK business. His appointment as CEO of Hagemeyer UK and Ireland and as a member of the Hagemeyer PPS Executive Committee will take effect from 21 November 2005.
John Hogan is an experienced chief executive with an impressive track record in international parcel, freight and logistics businesses.

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New national chair for Postwatch

Posted by | Nov 14, 2005 | |

Secretary of State for Trade & Industry, Alan Johnson, has appointed Urmila Banerjee as the new National Chair of The Consumer Council for Postal Services.
Urmila (Millie) Banerjee CBE is a Non-Executive Director on the Board of the communications regulator Ofcom and a Member of the Strategy Board of the Cabinet Office. She will take up her post as Postwatch Chair on 1 December 2005.
Welcoming her appointment Alan Johnson said: “I am delighted that Urmila Banerjee has agreed to be the new Postwatch Chair. She brings considerable experience to the role at a time of significant change within postal services and consumer representation. I am sure she will make a valuable contribution in shaping the strategic direction of Postwatch and their ongoing work in support of postal users.” The Secretary of State also paid tribute to the outgoing Chair, Peter Carr.

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Business Post caught in parcels downturn

Posted by | Nov 14, 2005 | |

Parcels group Business Post sent its shares into tailspin today by delivering its second profits warning in three months. Investors reeled from the news that Business Post was no longer handling as many parcels a day as it was last year and its annual profits were now likely to fall 20% short of market hopes.
Volumes at its Express unit, which makes overnight deliveries between businesses, were up 8% at the start of the year but have worsened since then to be 3.5% below 2004 levels in September. This matters because 40% of the costs of operating its network of around 60 depots are fixed, reducing the freedom of Business Post to act when volumes fall.

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DHL to build distribution centre in Dutch Drachten

Posted by | Nov 14, 2005 | |

DHL will build a distribution centre in Drachten, northern Netherlands, the mayor of the municipality of Smallingerland, Pieter van der Zaag, said on November 11, 2005. For the purpose, DHL has bought a site of 40,000 sq m in the industrial zone Azeven Zuid near Drachten. The distribution centre will create jobs for 200 employees. The plan for the construction of the distribution centre was announced almost two years ago.

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