Tag: UK

EU seeks comments on Deutsche Post buy of Securicor

Posted by | May 27, 2003 | |

The European Commission said it invites comments on Deutsche Post World Net AG’s acquisition of full control of the distribution joint venture it shares with Securicor plc. On Mar 24, the company announced it is to buy Securicor’s stake in Securicor Omega Holdings Limited for 247 mln eur. Interested parties have 10 days in which to submit their comments to the commission which will announce the outcome of its initial inquiry on or by June 19.

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Commission approves additional compensation measures for UK Post Office Limited

Posted by | May 27, 2003 | |

The European Commission has decided today not to raise objections to a further series of financing measures in favour of Post Office Limited (POL), the retail subsidiary of Royal Mail Group plc. These measures complement earlier measures the Commission approved in 2002. On 12 March 2002 the Commission approved the funding of a basic postal account to credit social benefits and from which cash can be withdrawn at post office counters for those benefits holders who do not want to open an account with a bank. On 18 September 2002 the Commission approved minimum funding necessary for POL to close 3,000 urban counters no longer required under the 2000 UK Postal Services Act (2000).

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Cost of UK hi-tech mail office 'out of control'

Posted by | May 27, 2003 | |

Plans for the world’s most advanced automated international mail sorting office near Heathrow airport have spiralled out of control and behind schedule, as the loss-making Royal Mail prepares to announce another year of GBP200m in the red. The scheme – which was opposed by two former cabinet ministers, Stephen Byers and Chris Smith – was originally planned to cost GBP150m, but has risen to GBP367m. Costs may rise to GBP420m before the centre’s hoped-for completion in December, almost two years behind schedule, its critics claim.

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Leighton praises UK Royal Mail Group colleagues for better performance

Posted by | May 27, 2003 | |

Royal Mail today announced a pre-tax loss of GBP611 million for the year ending March 2003 – almost half the loss in the previous year – and is aiming to return to profit this current year. Chairman Allan Leighton said last year had been a year of progress. The underlying loss from day-to-day operations was GBP197 million – over GBP120 million, 38% better than a year ago. It is the first improvement in trading performance for five years and Mr Leighton said: “Our people have stopped the rot. They deserve the credit that for the first time in five years, trading performance is getting better, not worse. They have laid the foundations for a turnaround and put the company at the start of the road to profitability.”

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Poor UK postal security lets criminals grap passports

Posted by | May 26, 2003 | |

Thousands of passports could be falling into the hands of terrorists and criminal gangs because of poor postal security, it has emerged. Almost 3,000 passports went missing in the post after the passport agency dispatched them last year, according to newly released government figures. Passports are still sent by first-class post, which leaves no record of their movement if they go astray. Special delivery is available, but only for an additional fee. The figures show that 2,359 passports went missing in 1999, 3,851 the following year, 2,541 in 2001 and 2,982 last year. A Home Office spokesman said: “Every year the UK issues up to 5.5m passports, so, put into context, the number that goes missing is very small. We are talking with the Royal Mail about moving to secure delivery of all passports by autumn or winter this year.”

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