Lazard, the investment bank, has been hired by the government to advise on the restructuring of Consignia, the renamed Post Office. The bank’s mandate is to review the restructuring plan put forward by Consignia’s board. It will also advise the government on companies that bid to take over parts of the post-office operation.
Read MoreWith immediate effect the London-based Exel group has taken over the distribution of products and additional logistics services in Western Europe for the leisure electronics giant Matsushita Electric Industrial Co. Ltd of Japan (MEl) and its famous brand name Panasonic. Central organisation is handled through the Exel distribution facility at Veghel (Netherlands). which coordinates and handles processes all over Europe.
Read MoreCONSIGNIA leaders have a small crumb of comfort at the end of an otherwise dreadful week – most of their customers at least know who they are.
A survey for the company has found that, for the first time since it changed its name last year, a majority of the UK population recognises the new title for the Post Office.
After weeks of making headline news for all the wrong reasons the profile of the Consignia brand has risen to its highest-ever level, with 55 per cent saying they knew the name.
Controversial plans to increase competition to the Royal Mail have prompted industry watchers to look to Sweden to see how British postal services might soon look. The moves put Britain further ahead in opening up postal services than most European countries. But, in 1993, Sweden became the first country in the world to deregulate fully its postal services and, after almost a decade, there is little visible evidence of the hoped-for competition.
Read MoreMinisters attempted yes-terday to distance themselves from a potentially explosive row in the post office – and the prospect of a nationwide strike – over plans to open up of Consignia’s postal services to competition.
Patricia Hewitt, trade and industry secretary, said the government would not get involved in the decision by Postcomm, the regulator, to open the market for bulk business mail, which makes up almost half the letters sent in Britain, to rival operators within eight weeks.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
