Tag: Royal Mail

UK Royal Mail sell-off wins go-ahead, says paper

Posted by | Dec 12, 2004 | |

Royal Mail Chairman Allan Leighton has won a private pledge from the government that he can partially privatise the state-owned postal service, the Financial Mail on Sunday has reported. But the Department of Trade and Industry denied there were any such plans. “We have no plans to privatise the Royal Mail,” said a department spokeswoman. The paper said the privatisation deal was the price Leighton demanded to stay on for another three years. On Thursday, the government said Leighton will serve a further three years as chairman of the Royal Mail, until March 2008. Leighton has been given the green light to hand 20 percent of the business to postal workers, and sell off 31 percent on the stock market for about 4 billion pounds, but this will put him on a collision course with the Communication Workers’ Union, the paper said.

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UK postage prices to change to reflect costs of handling mail

Posted by | Dec 10, 2004 | |

The price of a basic First Class stamp will go up from 28p to 30p from 7 April 2005, Royal Mail confirmed today. Many business mail services will see very much smaller increases and, in some cases, real decreases, as Royal Mail takes the first steps toward rebalancing its prices to reflect actual costs and prepares for full competition in the market. The basic rate for Second Class mail will remain at 21p for all customers and overall the price of postage for 40% of Royal Mail’s daily mailbag of some 83 million items will not change.
Royal Mail’s Chief Executive Adam Crozier said that with the UK mail market potentially fully open to competition from January 2006, it was essential that Royal Mail’s postage prices started to reflect the true cost to the company of collecting, sorting and delivering mail. Mr Crozier also said that the current system under which some customers cross-subsidise others could not continue in an open market.

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UK Royal Mail widens the gap between 1st and 2nd class stamps

Posted by | Dec 10, 2004 | |

Postwatch is very disappointed that Royal Mail has today announced that 1st class stamp prices will be increased by 2 pence to 30 pence from next April. Postwatch has consistently called on Royal Mail to freeze prices until they start to achieve acceptable levels of performance. Postwatch is also surprised that Royal Mail has chosen to widen the gap between 1st and 2nd class stamps.
Peter Carr, Chairman of Postwatch, commenting on the price increase said:
“Once again Royal Mail is increasing revenues by asking householders and
small businesses to pay more for their stamps. These are the customers least
likely to be offered a competitive alternative.

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Acquisition of Citipost Group by AMP Investments Ltd

Posted by | Dec 10, 2004 | |

Alternative Mail & Parcels Investments Ltd (AMP) acquired the Citipost Group from Royal Mail on the 10th December 2004. Citipost Group is a niche Financial Research Distribution Company, which AMP are confident will compliment AMP’s existing business interests. AMP is the market leader in B2B Catalogue, Directory and Publications distribution in the UK. Coupled with their international division, AMP Worldwide, they provide a solid existing
framework into which Citipost will be incorporated. AMP recently secured a long term postal licence from Postcomm, the postal industry regulator, which enables it to provide bulk mail, consolidated mail and tracked business-to-business mail services in the UK through it’s existing delivery network.

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Irish postal workers ‘facing Royal Mail takeover’

Posted by | Dec 9, 2004 | |

An Post will cease to exist and the Royal Mail will be handling all Irish postal services within a few years, if the current difficulties are not resolved, Communications Minister Noel Dempsey said yesterday. Speaking as up to 8,000 postal workers brought their grievances to the steps of Dáil Éireann yesterday, Mr Dempsey said the only option was for both sides to agree to negotiations. “I don’t particularly want to see the Royal Mail delivering the postal service in Ireland in 2009 but that’s what we’re looking at unless people sit down around the table.”

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