Tag: UK Mail

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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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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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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