Nearly 200,000 employees at Consignia, the renamed Post Office, are to benefit from a ‘phantom share option’ bonus scheme as part of chairman Allan Leighton’s revival of the business. Leighton’s scheme would involve creating a ‘long-term incentive plan’ similar to those given to City executives and some employees. This would probably mean creating ‘phantom shares’ in Consignia, which has no tradeable shares because it is state-owned.
Read MoreAllan Leighton, the former Asda chief executive, will “reluctantly” pull out of several non-executive directorships over the next few months to concentrate on restoring Consignia to profitability. But the self-styled “pluralist”, has told ministers he will not transmute his part-time chairmanship of the former Post Office into a full-time role as chief executive, despite repeated efforts to persuade him otherwise.
Read MoreOVER the last six months Chapman Freeborn has handled upwards of 50 per cent at all humanitarian aid flights — and a good percentage of militan peace keeping support work, reveals Shahe Otizounian, the charter broker’s L ondon-based business development manager.
The company achieved the lion’s share of the market by being “fiercely competitive against other good brokers” and by using all the strengths of its 50-plus offices employing more than 300 people around the world.
Consignia is planning to launch an online DIY direct mail service for the small business market, which it claims cannot afford to employ a direct marketing agency.
Royal Mail denies the move brings it into conflict with direct marketing agencies, maintaining that the UK’s 2.8 million small businesses are not being reached by the agency market.
A tender has been released by Consignia, asking for an agency to develop the Web-based service, provisionally called DM online, that will allow businesses to design campaigns and download them.
UK online retail sales are now growing at 10 times the rate of traditional retail. However, with this confidence comes a desire and an impatience to have goods delivered on the customer’s terms, not the e-tailer’s. This means that the number of ways in which merchants fulfil demand must increase accordingly, adding a new layer of complexity to the process. One of the fastest growing sectors addressing this issue is the drop- box market. These secure delivery boxes allow goods to be delivered at any time, for consumers to pick up at their convenience.
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