Tag: Europe

Austrian Post wins European football championship contract

Posted by | Jan 25, 2007 | |

Austrian Post said it has been contracted to provide postal and logistics services for the European football championships 2008 which will take place jointly in Austria and Switzerland.

The company said that it would support the UEFA EURO 2008 event with postal, parcel and logistics services in Austria. A high standard of postal delivery with a 95% next-day delivery rate would ensure communications between the championship organiser, partners and viewers, it commented.

Special “fan zones” away from the stadiums would be set up for live public viewing. Selected fan items for the European football championship would be sold through the network of 1,334 post offices and 609 partner outlets, and there would be special stamps celebrating the event.

The UEFA EURO 2008 championship will take place from June 7-29, 2008. Matches will be held in Vienna, Salzburg, Innsbruck and Klagenfurt along with Zurich, Basel, Berne and Geneva in Switzerland.

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GLS achieves strong growth for new European express service

Posted by | Jan 25, 2007 | |

The new European express parcel service of GLS has grown strongly since its launch last October, according to the Royal Mail division, and new customers have been won for 2007.

GLS Germany subsidiary Der Kurier, which operates the express service for its parent company through its own network, said in a statement that volumes have grown tenfold in just ten weeks since the new product was launched in October 2006.

Der Kurier provides a 24-hour express service from Germany to seven continental European countries: Austria, Switzerland, Belgium, the Netherlands, Luxembourg, Denmark and Hungary. The UK was integrated into the express network with the launch of daily flights by newly-created in-house airline GLS Air from Kassel, close to the Der Kurier hub at Neuenstein in central Germany, to Coventry.

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Government gives green light to Royal Mail 'phantom' share sale

Posted by | Jan 25, 2007 | |

Royal Mail is to press ahead with a scheme to give “phantom shares” worth up to GBP5,000 to each of its employees after the Government formally vetoed a plan to hand 20 per cent of the organisation to its employees.

The decision, which was announced to a committee of MPs by the Trade and Industry Secretary, Alistair Darling, is a blow to the Royal Mail chairman, Allan Leighton, who had personally promoted the scheme to give equity to its 190,000 employees.

It is unclear what the initial value of the shares will be and it is not thought that Royal Mail will pay a dividend on them. Crucially, they will not carry any voting rights, nor will it be possible to sell them to anyone outside Royal Mail.

Unions welcomed the move as “great news” for postal workers, saying Mr Leighton’s original plan would have been tantamount to back-door privatisation of Royal Mail. “The Government is keeping its manifesto commitment on public ownership of Royal Mail,” Billy Hayes, the general secretary of the Communication Workers Union, said.

However, the Liberal Democrats attacked it as a “cowardly move” which could seriously destabilise the company.

Approval for the phantom share scheme will pave the way for the Government to go ahead with a GBP2bn financial rescue of Royal Mail, which is designed to provide money for investment, fund post office closures and ease the GBP5.6bn deficit in the organisation’s pension fund.

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TNT completes euro 1 billion share buy-back programme

Posted by | Jan 24, 2007 | |

Further to the share buy-back programme announced on 6 November 2006, TNT N.V. announces that:

on 18 January 2007, it purchased 361,000 TNT N.V. ordinary shares at an average price of euro 35.4013 per share,
on 19 January 2007, it purchased 225,000 TNT N.V. ordinary shares at an average price of euro 35.2250 per share,
on 22 January 2007, it purchased 209,000 TNT N.V. ordinary shares at an average price of euro 35.1995 per share,
on 23 January 2007, it purchased 32,809 TNT N.V. ordinary shares at an average price of euro 35.1530 per share,
during the period from 6 November 2006 until and including 23 January 2007, it purchased 30,947,707 TNT N.V. ordinary shares at an average price of euro 32.3126 per share, and

as the total amount of the share buyback until and including January 23, 2007 therefore amounts to the announced maximum of euro 1 billion, the share buy-back programme has been completed.
TNT’s issued share capital consists of 422,767,601 shares. This number includes 30,947,707 shares, repurchased as part of the buy-back programme, and one Special Share repurchased from the State, all of which TNT intends to cancel at the next shareholders’ meeting. Furthermore, it includes 2,856,091 million shares held to hedge employee share schemes. This leaves 388,963,802 million shares which are entitled to dividend per 24 January 2007.

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International Post Corporation re-elects U.S. Postmaster General as Board Vice Chairman

Posted by | Jan 24, 2007 | |

U.S. Postmaster General John E. (Jack) Potter has been re-elected as vice chairman of the International Post Corporation (IPC) Board. The IPC, a cooperative association of 23 national postal operators in Europe, North America and Asia Pacific, accounts for 80 percent of the world’s mail.

“Being part of the IPC is an excellent way for international postal leaders to share best practices,” said Potter. “Our cooperative efforts benefit postal customers in every country and help strengthen international trade and commerce.”

Improving postal service quality around the globe continues to be a key IPC strategy, according to Potter. “The IPC helps members accurately and consistently measure quality of service and upgrade their operations,” he said. “The U.S. Postal Service is a leader and innovator in these areas, and I look forward to continuing to share our expertise with the international community to benefit postal customers worldwide.”

Potter and IPC Board Chairman Jean-Paul Bailly, chairman of France’s La Poste Group, were re-elected to their positions in a unanimous vote during yesterday’s annual IPC Board meeting. Both were first elected in 2006.

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