Tag: UK

Bid for UK based Hays mail and parcel unit

Posted by | Dec 11, 2003 | |

A bid of more than $500 million for the mail and parcel delivery unit of British-based Hays group could signal another round of consolidation for the European express market. The former managing director of Hays’s express and mail unit, Neil Tregarthen, is understood to have made an offer valued at up to £300 million ($525 million), or $85 million higher than analysts’ valuation.

The mail and express division is expected to attract wide interest as it is one of the few private delivery companies with regulatory approval to deliver business mail and offer other specialist services such as premium delivery and mail tracking in competition with the Britain’s postal service. Germany’s Deutsche Post World Net, and TPG of the Netherlands have been mentioned as possible bidders.

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Former managing director makes offer for UK Hays' mail and express arm

Posted by | Dec 11, 2003 | |

The former managing director of Hays’ mail and express arm, Neil Tregarthen is understood to have made an offer for the business of up to £300m.

The DX mail division is the only non-core operation that has not yet been put up for sale in Hays’ restructuring plans, which will transform the group into a specialised recruitment firm.

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Postcomm UK restores restrictions to postal licences

Posted by | Dec 11, 2003 | |

Postcomm has reinstated restrictions on the licences of five competitors to Royal Mail. The move follows the resumption of normal services by Royal Mail after industrial action which began in October.

Under normal circumstances, companies competing with Royal Mail can only provide relatively large bulk mail services for business customers. But as a result of industrial action by Royal Mail staff in London and elsewhere, on 31 October Postcomm published a determination removing these restrictions for a period to enable rival companies to provide a wider range of services.

A determination by Postcomm now gives the companies 92 days to revert to their original licence conditions.

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UK union dismisses threat of pre-Christmas postal strike

Posted by | Dec 10, 2003 | |

The threat of a London postal strike in the run-up to Christmas has diminished after the Communication Workers’ Union said there would be no industrial action.

However, it appeared that talks between the Royal Mail and the CWU on moving towards a single daily postal delivery were encountering delays.

Royal Mail admitted that shift changes and the issue of London weighting remained sticking points.

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