European post offices axe thousands
European post offices axe thousands
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U.S. group tipped to buy Hays logistics unit
Platinum Equity, a US private investor group, emerged over the weekend as the favorite to buy the logistics business of Hays, a leading British business services company. Platinum has not commented on market reports that it is willing to buy the whole of Hays logistics operations, one of the largest in the United Kingdom valued at up to USD350 million, unlike rival trade and equity bidders which are only interested in parts of the business. Hays is due to unveil its annual results Tuesday but is not expected to announce a deal for the logistics unit which it put up for sale in March.
Read MoreTwinnings and TNT Network Logistics increase partnership in UK
Twinnings distribution and TNT Network Logistics’ Wellsbourne and Bristol Depots have signed a new deal which increases their partnership to include Ovaltine products.
Twinnings, a TNT client since 1990, acquired Ovaltine last year and has now added the warehousing and distribution contract for the product to the volumes TNT is already handling. The contract involves the storage and distribution of more than 9m cases of tea and Ovaltine/Options to supermarkets, wholesalers and caterers.
Read MoreDHL data center to relocate to Prague
DHL will move its entire U.K.-based data center and other operations from London and Basel, Switzerland, to Prague where its new IT operations headquarters for all of Europe will be built by May 2004.
A source familiar with the negotiations said the new center would be located in Prague 4, in the new development of real estate investor and developer AIG/Lincoln. The project is called The Park and its total area will be 195,000 sqm.
Among the reported tenants are also IBM, BP and GE Capital Bank. DHL made the decision after an extensive review of its options for delivering high-quality, cost-effective IT operations and other services to their business, company representatives said.
Read MoreUK government urges talks to halt Postal strike
Anxious ministers will exert strong pressure on Communication Workers Union leaders in Brighton this week to resume talks with the Royal Mail before a pay ballot commits the CWU to the first national postal strike for seven years.
Ministers, Royal Mail execu tives and union leaders are acutely aware that the ballot result is only nine days away and could lead to an all-out strike by 160,000 postal workers which, according to Allan Leighton, Royal Mail chairman, could last into next year.
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