Tag: Mail Services

Union urges help for bigger UK post offices

Posted by | Nov 17, 2004 | |

Unions have called on the government to give financial support to the UK’s high street post offices in a bid to avoid closures. Amicus and the Communication Workers’ Union, which represent post office managers and workers respectively, told a committee of MPs yesterday that the so-called Crown Offices deserved the same help given by the Department of Trade and Industry to rural post offices.
The 555 flagship post offices directly owned and managed by Post Office Ltd are thought to be losing about Pounds 70m a year, and parent Royal Mail is reviewing their future. Although the state-owned group has said closures would be limited by relocation and franchising deals with retailers, Royal Mail has admitted that only 320 of the branches are commercially viable.

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Business Post Interim Results for the 6 months ended 30 September 2004

Posted by | Nov 16, 2004 | |

Full Chairman’s Statement: I am pleased to announce a 12% increase in profit before goodwill amortisation and tax to £9.1m. These results continue to deliver progress in line with the Group’s Three Year Plan. The successful launch of UK Mail, and the continuing fast rates of growth in the HomeServe, Courier, International and UK Pallets businesses, are particularly pleasing.

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UK Business Post announces interim results for the 6 months ended 30 September 2004

Posted by | Nov 16, 2004 | |

Business Post announces continued progress in line with the Group’s Three Year Plan. The successful launch of UK Mail, and the continuing fast rates of growth in the HomeServe, Courier, International and UK Pallets businesses, are particularly pleasing. Turnover increased by 23% to GBP109.9m and profit before goodwill amortisation and tax was up by a satisfactory 12% at GBP9.1m. The traditional second half bias is expected to be slightly more pronounced this year as a result of the Group’s newly-launched mail activities. Profit before tax was GBP8.8m and net cash inflow from operating activities increased to GBP8.3m from GBP6.0m. Peter Kane, Chairman, stated “The Board believes that the Group already contains the elements necessary for further substantial profitable growth, not only in UK Mail but also through its other businesses, which are collectively capable of driving double digit percentage growth. The Group’s strong financial performance and excellent cash flow characteristics place the Group in a good position to continue investing in new products and services and create further differentiation from its competitors.

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La Poste to run branch network as separate division

Posted by | Nov 16, 2004 | |

The chairman of France’s state-owned postal service La Poste said Monday its 17,000 agency network will to be run as an individual division. Chairman Jean-Paul Bailly said the move is part of a far-reaching plan to reorganize the network and increase the number of products and services sold by La Poste to individuals. From January 2005 the branch network will stand alongside La Poste’s three existing divisions: mail, parcels and financial services.

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New UK mail business delivers strong start

Posted by | Nov 16, 2004 | |

A rival business to Royal Mail was today on course to move into profit less than a year after leading the break-up of the UK postal monopoly. UK Mail has shifted more than 23 million items since its launch in May and has set its sights on capturing 3% of the UK mailing market – estimated to be worth GBP5 billion a year. The service was set up by Slough-based parcels group Business Post after regulator Postcomm gave companies the right to enter the UK market in 2003. UK Mail collects post from customers and processes it through its network of 64 sites – the largest of which is in Birmingham – before passing it on to Royal Mail for delivery by local postmen. Peter Kane, chairman of Business Post, said UK Mail had made a “highly satisfactory” debut and was expected to become profitable in the six months from the start of October.

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