The French government will decide in the next few weeks whether to allow Banque Postale, a unit of the French postal service La Poste, to compete with commercial banks in offering consumer loans, the daily La Tribune said, without specifying sources.
Finance Minister Christine Lagarde will meet with top officials of La Poste in the next few days to discuss the conditions for such authorisation.
Read MoreFrench postal service, La Poste, has entered into exclusive negotiations with Air Contractors Group (ACL) for the sale of its airfreight subsidiary Europe Airpost (EAP).
Negotiations with the Dublin-based operator should be concluded by 30 November.
CMB has just become the majority stakeholder in ACL with the joint purchase of Imperial Holdings share’s in ACL, with the Petercam Group.
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Read MoreCiblex completed its accounts for the tax year on 30 June 2007 and posted another year of growth both in turnover and income. This growth shows the long term value of the strategy adoopted by Ciblex, built on:
– A targeted position and development in niche markets in which Ciblex delivers tailored
solutions.
– A quality policy which produces performances which our customers perceive to be superior to those of the competition.
– A loyal, competent, motivated team.
Good results from the group and the various national units…
– Ciblex France: Turnover up by 6.8 pct at EUR 134.6 million (on an operating income of EUR 1,034 million).
This last figure should be put in the context of the negative impact of the new regulations restricting the speed of heavy goods vehicles to 90km/h, effective from 1 January 2007.
This has complicated the operations, leading to extra structural costs.
– Ciblex Belgium: excellent performance with TO of EUR 18.5 million up + 6.3 pct (and operating income of EUR 2,774 million ).
– Ciblex Netherlands: subsidiary created in October 2004, achieved TO of EUR 1,970 million , up 116 pct (and operating income of EUR 323 000 , in balance in the previous year).
Europe’s parcel and express delivery business is expected to continue to grow at a higher rate than in previous years due to an increase in business-to-consumer (B2C) traffic and strong international demand, according to new research by market analyst Datamonitor.
However, the research, “European Express Market Map 2008,” which covers 12 major European markets, says that although currently exhibiting a higher growth rate than parcel services, express services are going to have to demonstrate extra value as customer demand is shifting to using cheaper yet reliable parcel services in key growth areas of international and business-to-consumer (B2C) delivery services.
“Over the next five years, the B2C and C2C (consumer-to-consumer) sectors will experience faster growth than B2B (business-to-business), due to increased e-commerce activity, especially in less mature home delivery markets such as Italy and Spain,” said Erik van Baaren, Datamonitor express analyst and author of the study.
International services are also growing at a higher rate primarily due to the enlargement of the European Union and the trend to centralize operations to fewer countries and outsource manufacturing to low-cost countries, according to van Baaren.
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