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botched Postal Services Act – Postcomm can withdraw the Post Offices licence but with a 100pc monopoly, the threat to withdraw its licence is an empty one
Read MoreTag: UK
Nightfreight Sale
Nightfreight of the United Kingdom has been purchased by its management for GBP31.5m
Read MoreUK Post Office faces fines if it does not deliver
Published: January 29 2001 20:48GMT | Last Updated: January 30 2001 02:50GMT The UK Post Office was on Monday given a maximum of three years to start hitting its service standards or face substantial fines by the UK Postal Services Commission, the newly appointed industry watchdog. The commission also imposed price controls on a wide range of letter and parcels services, and made clear that the Post Office will be forced to give access to its business infrastructure to new companies that want to compete with it.
Read MoreDirectors at British Parcel Delivery Group (Nightfreight) Agree to Management Buyout
Directors agreed a UKpound 35.1 million management buyout. The buyout, backed by Barclays Private Equity, is at 69 pence cash per share — a 54 percent premium to Nightfreight’s share price in December when talks were announced, but a 35 percent discount to the float price of 105 pence in 1994.
Read MorePostal watchdog has more bite
POST office users across the region will have a new watchdog to safeguard consumer rights. Plymouth businessman Charles Howeson was appointed on January 1 to spearhead the newly created South West branch of the Consumer Council for Postal Services (CCPS), a national body which goes into action in April.
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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.