Postcomm today began consulting on the proposed issue of a long term licence to UK Mail Ltd to provide consolidation services for business customers. UK Mail Ltd currently holds an interim postal licence for similar services. This will be revoked by consent if a standard licence – which will last a minimum of seven years – is granted.
Read MoreTime is running out for Graham Corbett if he wants to complete his task of turning Royal Mail into a functional part of a competitive mail market. The chairman of Postcomm, the postal regulator, has less than a year before he steps down, and he has shifted into fifth gear. “The big challenge this year will be access pricing,” Mr Corbett says, referring to the amount competitors who collect mail would have to pay Royal Mail to sort and deliver their post. Postcomm will issue a determination on UK Mail, a test case, before the end of May and Mr Corbett says he will try to keep the ensuing consultation process down to three months.
Read MoreDelay for UK Mail Determination
Read MoreA positive set of figures from Business Post (BP) in the six months to 30 September reflected both strong growth in its core express business and the rapid development of the group’s newer, smaller business units. Pre-tax profit was up 6% to £7.1m ( t11m) on turnover which increased by 15.7% to £72.9m (£113.7m).
Read MoreExpress delivery group Business Post yesterday revealed its alternative postal service, UK Mail, will finally hit the streets in the new year. Chief executive Paul Carvell said a long-running pricing dispute with Royal Mail has been resolved by the postal regulator, Postcomm, clearing the way for the launch of the service – originally scheduled for April this year.
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