Tag: UK

UK Palletways re-designs IT infrastructure

Overnight freight services provider Palletways is redesigning its IT infrastructure to improve the efficiency of business processes, facilitate business growth and future European expansion plans having commissioned IT solutions consultancy eSpida.

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Christian Salvesen: Tough times ahead

“Disappointing” is a word which seems to feature strongly in the vocabulary of Christian Salvesen’s chief executive, Edward Roderick. It’s the word he chose to describe its UK business performance at last year’s half-year results announcement, and last week he told shareholders that its performance in certain key business areas is “disappointing in the extreme”.

It’s a word that’s certainly apt at the moment; last week’s trading update, which warned that profits would be 20% below expectations, resulted in the company’s share price plunging to an all-time low of 29.5p, although it has now recovered to around 36p.

However; that’s still a long way removed from the 98p share price when CM covered the company in its “Big Boys” series last May (CM 16-22 May 2002)—and even further from the £2-a-share that a consortium (led by Swedish investment group Custos) was prepared to offer to take over the group in summer 2000.

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Business Post changes to patriotic red, white and blue

Its all change at business post, which has dropped its yellow and black livery favour of a new design using red, white and blue.
The new colours will clearly avoid any confusion with Deutsche Post, which uses yellow and black and should not be confused with those of Federal Express, which is an important Business post consumer.

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