Tag: UK

Tibbett & Britten new warehouse fails to deliver -Mothercare issues profits warning

The prospects of a swift recovery at Mothercare came to an abrupt halt yesterday when the company warned it had serious problems at its new warehouse which would hit full-year profits. Stores were running short of stock because of the warehouse hold-ups, and that was being reflected in lost sales. The warehouse is operated by Tibbett & Britten, which has a five-year contract. Mothercare chief executive Chris Martin said Mothercare would raise the issue of compensation once the full costs of the problem had been calculated.

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UK Post Office eyes mobile phone venture

Twenty years after it was split from British Telecommunications, the Post Office is considering a mobile phone business as part of its re-entry into telecoms.
Consignia, the state-owned group that runs the Royal Mail, is partnering Sweden’s pan-European telecoms operator, Tele2, to launch a fixed-line service next week that will use Post Office outlets and branding.
It is understood both parties see a mobile phone service as a logical next step if that operation is successful.
The move represents an effort by Consignia to expand its revenue base, which has been hit by the spread of e-mail and private postal companies.

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