Tag: Europe

Postbank hoping to boost profits with new strategy

Posted by | Aug 24, 2007 | |

Deutsche Postbank, the banking subsidiary of German postal service operator Deutsche Post, is hoping to boost its profits thanks to a new strategy, which is to be presented in December. In its retail banking business, the bank wants to have a sales system that will increase profits through the involvement of partners. Postbank is Germany’s largest multi-branch bank, with 14.6 million customers, according to the latest figures.

The bank has already said that it is aiming to increase profits in business with corporate customers by 50 per cent by 2010. This would bring the profit in this division to almost 560m euros, compared with 372m euros last year. Despite increasingly tough competition, Postbank is confident that it will meet its target of gaining over 1 million new private customers this year. Almost 60,000 new current accounts are reported to have been opened in July.

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Estonian post endorses list of post offices to be closed

Posted by | Aug 24, 2007 | |

Supervisory board of Eesti Post (Estonian Post) Friday endorsed the list of 44 post offices to be closed as of November 1.

“The decision on the closure is naturally unpopular but Eesti Post must achieve sustainability and prepare for 2009 when the post market opens,” said Meelis Atonen, chairman of the supervisory board.

He said the discussion was tense and strained but the supervisory board fully supported the present management’s plan of reforms.

Closure of the post offices is part of Eesti Post’s austerity program. The mail company has 540 post offices at present.

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Geodis wins Paul Smith fashion contract

Posted by | Aug 24, 2007 | |

Geodis announced yesterday it had won a contract with world-renowned fashion house Paul Smith of the UK to deliver the designer’s products to European retail outlets and its own boutiques.

The deal followed a 10-month trial between the companies via Geodis’ Eurofirst distribution network. Under the agreement, goods will be collected from Nottingham-based Paul Smith’s dispatch warehouses and conveyed to Geodis’ European hubs, to feed into domestic distribution networks for final delivery to outlets across France, Germany and other markets.

Jamie Cuthbert, managing director of Geodis UK, commented: “Our focus is on specific services and market sectors, one of which is the provision of end-to-end European road freight services for producers of finished, high value consumer goods and our new arrangement with Paul Smith fits perfectly with that profile.

“Geodis is at the forefront of fashion logistics across Europe and offers a range of value-added services specific to the sector, such as labelling, hanging, bagging and security tagging of garments,” Cuthbert added.

Geodis’ recently opened a new group age platform in Bonneuil sur Marne Port, outside Paris, and unveiled plans for a new hub in Paris, due for completion in late spring of next year.

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Royal Mail staff raises millions in payroll donation scheme

Posted by | Aug 23, 2007 | |

Royal Mail employees raised a record-breaking GBP 2.6 million through payroll giving in the last financial year, up almost GBP 440,000 on the previous year.

Around 50,000 employees at the organization make monthly payroll donations – at a rate of GBP 295 an hour. More than 850 charities have benefited from the scheme at the Royal Mail, the main beneficiary being ‘Help the Hospices’, which has received almost GBP 250,000 through payroll giving in the last year.

As a result of the results, Royal Mail has set itself the target of raising GBP 5 million a year through payroll by 2013.

Kay Allen, head of social policy at Royal Mail Group said: “With almost 50,000 employees signed up to our scheme, eight per cent of the UK’s payroll givers work at Royal Mail. Each and every one of our ‘payroll posties’ should be congratulated on their efforts.”

A recent Institute of Payroll Professionals (IPP) study revealed that 21 per cent of people across the country give no money to charity at all.

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New ‘high speed’ In-bound European Logistics Service from Business Direct

Posted by | Aug 23, 2007 | |

Business Direct Group plc. has set up a subsidiary company in Germany in advance of the launch of a dedicated inbound European ‘high speed’ through the night logistics service into the UK.
Business Direct GmbH has already opened an office at the local airport Niederrhein Weeze on the Dutch-German border for the 5 times a week nightly air bridge service into Coventry airport in the UK. Negotiations are at an advanced stage for a dedicated charter aircraft ready for the launch of the new service that cannot be achieved using scheduled services.
The new ‘high speed’ through the night service offers, computer, electronics and materials handling manufacturers with European-based distribution centers very late cut off times of 8pm for pick up and delivery into the UK before 8am the next morning. Niederrhein has been chosen as the European hub of this new through the night service as its location is near several hundred major distribution centres in Holland and North Western Germany and provides a straightforward collection opportunity.
Business Direct’s inbound European air service provides a completely seamless service linking directly in to its national network of over 300 Parcel Exchange facilities throughout the UK, in-boot service and next day technical courier services or direct into the manufacturer’s parts dealerships.
The other major advantage of this through the night service is that it will enable major suppliers of spare parts into the UK from central stocks in Europe to eliminate the need to hold stocks in the UK and therefore significantly reduce inventory, warehousing and distribution costs.

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