Tag: Europe

World Bank and ‘La Poste’ team up to reach socially responsible French investors

Posted by | Jun 6, 2005 | |

The World Bank and La Poste, the French postal system, have teamed up to offer a new investment product for French retail investors. For the first time starting today, individual investors will be able to purchase a La Poste financial product called ‘Toniciel Banque Mondiale,’ making it easier for individuals to help fund, and have direct information on, the World Bank’s programs in developing countries. From June 6 to July 20, 2005, La Poste clients will be able to invest a minimum of EUR500 in the La Poste 5-year term deposit, ‘Toniciel Banque Mondiale.’ The funds invested in this product will be used by La Poste to purchase a bond issued by the International Bank for Reconstruction and Development (IBRD), the main lending arm of the World Bank.

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Inquiry will back investment claim, says UK Royal Mail chief

Posted by | Jun 5, 2005 | |

Trade and Industry Secretary Alan Johnson is expected to start the Government review into the future of Royal Mail within the next three weeks. Royal Mail has been urging an early start to the review because it believes it will strengthen its case for more cash support from the Government. Chairman Allan Leighton, who is masterminding the privatisation, has said the review will recognise the need for Pounds 2.5 billion of investment.

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UK Postcomm consults on change to Mail Plus licence

Posted by | Jun 3, 2005 | |

Postcomm today issued a consultation notice proposing a change to the postal services licence held by Mail Plus Limited (subsidiary of La Poste France). The company has requested the change, which would enable it to provide mailroom services for customers. In practice, this means it could carry mail within and between customers’ premises, and also transport it to or from other licensed operators’ premises.
Mail Plus was granted its existing licence on 17 February 2005. That enables it to handle bulk mailings of over 4,000 items, and to “consolidate” mail.

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Belgian Post to sell postage stamps online

Posted by | Jun 3, 2005 | |

Belgian postal services company De Post/La Poste plans to launch online sales of postage stamps, it was reported on May 3, 2005. De Post/La Poste’s new service will allow customers to order postage stamps online and to print them.

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