Tag: Royal Mail

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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Postwatch evidence on UK Crown Post Offices

Posted by | Nov 16, 2004 | |

Postwatch gave evidence to the Trade and Industry Committee earlier today.
Postwatch, the consumer watchdog for postal services, welcomes the timely
inquiry by the Trade and Industry Committee into the future of the Crown
Office Network and looks forward to helping the Committee with its work.
Giving evidence Peter Carr, Chairman of Postwatch, said: “I am delighted the
Trade and Industry Committee is continuing its interest in the future of the
555 remaining Crown Post Offices. “These Offices are very important to customers. Whilst they represent less than 4 per cent of the post offices in the UK they transact over 25 per cent of all post office business and 7 million customers visit them each week. No Crown Office closures should be proposed until the Committee’s findings are known and a comprehensive strategy is in place.

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Last post for (UK) High Street post offices – says Amicus

Posted by | Nov 16, 2004 | |

Amicus, Britain’s second largest union representing 15,000 managers and staff working for Royal Mail and other postal operators, will issue a wake-up call for action to be taken to protect the future of high street post offices when it meets backbench MPs in the House of Commons today. Amicus recognises that high street post offices are an essential community service that must be preserved at all costs. Peter Skyte, Amicus National Officer, said: “Without further action by Government and the public, this will be the last post for Britain’s high street post office network as it faces death by a thousand cuts. Royal Mail is selling off or closing an essential community service in a piecemeal fashion which will lead to greater financial and social exclusion.”

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Experts predict online retail to hit £40 billion by 2010 warning : Retailers must double spend on technology or risk restricting growth

Posted by | Nov 16, 2004 | |

Retailers could miss out on billions of pounds by failing to invest in the technology to take advantage for consumer enthusiasm in multi-channel shopping.

The Future of Retail: a 2010 Vision, a report commissioned by Royal Mail, reveals vast potential growth for the multi-channel retail sector, but warns that retailers need to double their spend in technology to support multi-channel operations or risk threatening future growth of the sector.

The research, published today, was undertaken by a range of authoritative retail experts to offer retailers an insight on the multi-channel retail landscape and predictions into the future development of the industry.

Full report saved in PlibraryFuture of Retail a 2010 Vision – RM study

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UK Royal Mail on course for GBP400m profit target

Posted by | Nov 14, 2004 | |

Royal Mail will this week announce that it is on course to reach its profit target of GBP400m for the current financial year, having generated profits of about GBP200m in the six months ending September 30. Last year, Royal Mail made an operating profit of GBP220m, compared with a GBP197m loss in the 2002-03 financial year. The turnround has been achieved through cost-cutting, including 30,000 redundancies, as well as a rise in the price of stamps. If the GBP400m profit figure is reached for the 12 months ending March 31 2005, the state-owned company has promised to pay out GBP200m in bonuses to its employees.

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