Tag: Mail Services

Portugal CGD Has 60 Days To Decide on CTT Postal Bank

Posted by | Jan 28, 2005 | |

Portugal’s largest bank, the state-controlled Caixa Geral de Depositos (CGD) has 60 days to inform local postal service operator CTT – Correios de Portugal whether it will exercise its preference right on the future CTT’s postal bank, it was reported on January 28, 2005.

CTT has already informed CGD on its agreement with Portuguese bank Banif to resume the postal bank project. It was reported earlier that Banif and CTT had reached an agreement for the establishment of a new retail bank with a share capital of 35 mln euro (USD45.6 mln). The bank will serve individuals and small companies. In terms of the distribution of the product, the new bank will rely on the existing network of CTT offices, while in operating terms, it will rely on the Banif infrastructure.

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Postcomm ruling triggers Royal Mail pricing rethink

Posted by | Jan 28, 2005 | |

Royal Mail has been forced to overhaul its pricing strategy following a Postcomm investigation into anti-competitive practices. The Postcomm probe, launched over a year ago followed a complaint from a rival company that Royal Mail was offering unfair discounts to secure business. Postcomm concluded that two schemes – the catalogue customer reactivation and acquisition test, and the Mailsort 3 incremental ad promotion – were anti-competitive. Royal Mail has agreed to tighten up its internal compliance procedures as a result. Postcomm chairman Nigel Stapleton says: “We are being very watchful that Royal Mail is not using its dominance to freeze out competitors. We have extensive powers to deal with anti-competitive behaviour, which we will not hesitate to use. “We will continue to investigate complaints from competitors who feel their business is being threatened by unfair Royal Mail actions.”

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UK Postal competiton hots up

Posted by | Jan 27, 2005 | |

The Royal Mail is facing growing competition in the deregulated postal market, with rival firms already snapping up large contracts.

Last week TNT Mail, part of the TPG Group that owns the Dutch national post office, revealed that it has secured a further five customers in three months of operation. Its client base now totals 25 and includes names such as Sky, Caudwell Communications and Specsavers.

Chief executive officer Nick Wells said: “Business cannot afford to ignore the opportunities now available in the deregulated postal market. Every financial director of every company should be looking at how we can make their mailing budgets work harder for them.”

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Japan Post privatisation should not be delayed

Posted by | Jan 27, 2005 | |

If there is one achievement with which Junichiro Koizumi, the Japanese prime minister, hopes to make his mark on his country’s history, it is the privatisation of the post office.

Outsiders might regard this as a curious choice for a man who has moulded a more assertive Japanese foreign policy and overseen a recovery, albeit fragile, of the world’s second largest economy. Mr Koizumi, however, has been determined for 20 years to reform an organisation at the heart of Japan’s old-fashioned political and financial systems; the post office, with savings and life assurance assets of Dollars 3,300bn (Pounds 1,800bn), is the world’s biggest bank as well as a means of sending letters.

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An Post puts off closure of SDS

Posted by | Jan 27, 2005 | |

An Post has had to put off plans to close its loss making SDS parcels division next Monday. The postponment comes as a result of its acceptance last night of a National Implementation Body plan to head off industrial action in the postal services. The company has also lifted the suspension of 68 workers who had been refusing to co-operate with the run down of the operation. The plan has also been accepted by the CWU union, and obliges it to accept a binding Labour Court investigation of the closure plan.

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