Tag: Europe

UK Royal Mail ‘will still dominate market in 2010’

Posted by | Nov 4, 2005 | |

Postcomm has admitted there are still huge barriers to competition in the postal market – including poor consumer awareness, the risk of anti- competitive behaviour, and Royal Mail’s VAT exemptions – claiming it will be years before Royal Mail’s dominance is threatened. Speaking at London’s UK Mail Show this week, Postcomm chairman Nigel Stapleton said: “The development of a fully competitive market is at a very early stage – Royal Mail will still have nearly 90 per cent of the market in 2010.” His comments were reinforced by Postcomm’s recently published annual Competitive Market Review, which shows Royal Mail still holds 97.2 per cent of the letters market, some 30 months after the market was first opened up. Private operators have only taken a 1.6 per cent share – of which 0.5 per cent operate an end-to-end service – while direct customer access is shaving off 1.2 per cent.

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Bid speculation delivers red-letter day for UK Business Post

Posted by | Nov 4, 2005 | |

Troubled parcels group Business Post enjoyed a much needed boost yesterday, surging 13pc to 413.5p at one stage, on the back of takeover speculation. The shares have slumped from 652p since the company sounded a profits warning in September, and have been weighted down further by worries that the group is at risk of falling out of the FTSE 250 in next month’s quarterly reshuffle of the index. Yesterday, the shares ended the day up 35 at 400p. Rumours initially circulated that the group could be gobbled up by Deutsche Post, although sceptics said the German company already had its hands full with the acquisition of logistics group Exel. Traders then cited US delivery group FedEx as a potential predator, saying the two companies already have a partnership.
However, sceptics said that the bulls could just be trying to push the shares higher following the recent slump in the stock. They also added the stock was tightly held by the founding Kane family, and any takeover would need the family’s support.

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CECEI to examine plans for French postal bank

Posted by | Nov 4, 2005 | |

The French committee of credit institutions and investment companies (CECEI) is to examine the request for approval for the future French postal bank, Banque Postale, for the first time on November 10. The postal regulation law passed on May 20 allows La Poste, the French postal service operator, to set up a banking subsidiary by 1 January 2006 at the latest. The members of the CECEI received an invitation yesterday regarding an extraordinary meeting. No details of the agenda have been given, but plans to create a postal bank are to be examined.

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Pall-Ex posts 500 PoD sets

Posted by | Nov 3, 2005 | |

Rivalry among pallet networks is set to focus sharply on IT, with news that Pall-Ex is sending out 500 tracking and electronic proof-of-delivery sets to drivers this week.
Pall-Ex owner Hilary Devey says that the network will give customers nationwide coverage by the end of November at the latest, with all collection and delivery vehicles using the devices.

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