Tag: UK

Key appointments to Post Office Ltd/Bank of Ireland Group financial services joint venture

Posted by | Nov 13, 2003 | |

Post Office Ltd and the Bank of Ireland Group have announced the appointment of a Chief Executive Officer and Board Directors for the joint venture that will launch Post Office branded financial services products through the Post Office branch network, by telephone and the website.

The Chief Executive Officer will be Patrick Waldron, currently the Director of Retail Strategy and Change at the Bank of Ireland. He has filled a number of senior retail banking roles, including Director of Sales and Marketing and Head of Direct Banking, in which he had responsibility for the Group’s market-leading telephone and internet banking services in Ireland. Patrick will take up the position of CEO with immediate effect and will also join the board of the joint venture.

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Business Post expects to launch its UK Mail by April

Posted by | Nov 13, 2003 | |

Business Post expects to launch its UK Mail business by next April, to challenge Royal Mail’s dominance of business mail services.

The UK Mail service will collect post from business customers and undertake the initial sorting before feeding into Royal Mail’s system for local sorting and final delivery. Previous negotiations with Royal Mail failed to reach an agreement but Postcomm, the industry regulator, is expected to finalise a tariff for the service by Christmas.

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Business Post announces interim results for the six months ended 30 September 2003

Posted by | Nov 12, 2003 | |

Business Post announces encouraging results for the half year ended 30 September 2003 which continue to deliver progress in line with the Group’s Three Year Plan. During the period, turnover of Express was 7% higher at £63.0m. With service performance levels remaining high, the estimated market share again increased, to a little over 7%. Rapid turnover growth in the Group’s newer businesses (165% in HomeServe and 81% in UK Today) continues to complement growth in the core Express business, and the Group’s recent acquisitions (BXT and Weaver Pallet Express) have added further impetus. Peter Kane, Chairman stated “Trading since the half year end has been encouraging, and in line with management’s expectations. With Express continuing to focus on the quality of revenue, the newer businesses continuing to grow strongly and recent acquisitions trading in line with expectations, the Board expects further good progress in the current year and remains very confident about the Group’s long-term potential.”

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Strike aids UK Mail Post bid

Posted by | Nov 12, 2003 | |

Wildcat postal strikers have aided Birmingham parcels group Business Post’s bid to break into the Royal Mail’s £5 billion monopoly, the company’s boss said.

Paul Carvell criticised the recent stoppages which brought mail services, especially in London, as a ‘bloody nuisance’.

But he warned workers that all the disputes had done was boost his company’s case in the government’s eyes for taking a slice of Royal Mail’s currently protected market.

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