Tag: Mail Services

Small shops in revolt against UK Post Office

Posted by | Jan 15, 2005 | |

The Post Office was accused yesterday of undermining its own network of sub-post offices with demands for huge levies and restrictions on the services branches can offer. Convenience store owners, many of which have recently taken over local post office services, said the demands by the state enterprise that they pay large commissions from their other commercial activities to the Post Office were a restrictive practice that could drive many to close the sub-post offices in their shops. Demands by the Post Office for bigger payments from convenience store owners were also discouraging independent shops and chains of convenience store owners from taking over post office services, depriving many areas of the country of a branch. Store owners said the move could lead to more closures – beyond the 2,500 already shut down or earmarked for closure – should only a few incentives remain for them to step in and take over the local franchise.

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Business Post enters the FTSE 250 Share Index

Posted by | Jan 14, 2005 | |

It was announced by the London Stock Exchange this week that Business Post Group plc has entered the FTSE 250 share index. Business Post’s Chief Executive Officer, Paul Carvell, commented that this marks another major milestone in the continuing development of the Group. “This had been on the cards for some time” he said, “but it came a little earlier than we had expected. The market capitalisation of the Group has grown as a result of recent increases in our share price but we had, in any case, been on the threshold of entry to the index for some months now”. Business Post becomes the only British owned express delivery company to appear in this index, although a number of logistics companies feature within it.

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UK Royal Mail in threat to sue post watchdog

Posted by | Jan 14, 2005 | |

The Royal Mail, which yesterday announced that it had had a record Christmas, has threatened to sue Postwatch, the consumer watchdog, for advising customers to send letters second class during the festive season.

Angry correspondence has been exchanged since Peter Carr, Postwatch’s chairman, told customers that paying seven pence more for a first-class stamp was a waste of money.

The Royal Mail, which will this year pay Postwatch’s pounds 10million running costs, is understood to have demanded a retraction of “inaccurate information”.

The dispute centres on Royal Mail’s decision to exclude December from its performance figures. Postwatch thinks consumers should know how the Royal Mail is doing all year.

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Deutsche Post meets 2004 profit targets

Posted by | Jan 14, 2005 | |

Deutsche Post managed to meet its full-year profit targets last year, chairman Klaus Zumwinkel said in comments released Friday.

Deutsche Post had been pencilling in underlying profit growth of 7.5-12.5 percent for last year compared with a figure of 2.975 billion euros (3.9 billion dollars).

That would mean earnings before interest, tax, depreciation and amortisation (EBITDA) had been expected to amount to 3.2-3.35 billion euros in 2004.

Zumwinkel told journalists at an event in Bonn on Thursday evening that the EBITDA target had been met.

Deutsche Post’s activities in the United States had turned in a loss of around 500 million euros, which was a “slight disappointment,” the chairman said.

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Christmas trade delivers boost for UK Royal Mail chiefs

Posted by | Jan 14, 2005 | |

It is a significant boost to plans by Allan Leighton, chairman, and Adam Crozier, its chief executive, who are striving to make Royal Mail more commercially driven to fight off competition from the private sector.

The state-owned postal group said yesterday it had made Pounds 800m in revenues over Christmas, Pounds 80m more than in 2003, with the growth of internet shopping helping to fuel a rise in mail volumes.

Royal Mail delivered 2.2bn items of post in the run-up to Christmas, 100m more than in 2003. About 55m items were sent by internet retailers, it said, led by Amazon.com and eBay.

As well as a growth in sales at Royal Mail, loss-making parts of the business such as the Post Office and Parcelforce also achieved better results over Christmas. Revenues at the Post Office rose by Pounds 17m in December, Royal Mail said, in part thanks to a move into financial products.

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