Tag: UK

Postcomm rejects Royal Mail's retail zonal pricing application (UK)

Posted by | Dec 14, 2007 | |

Postcomm has rejected Royal Mail’s application to charge large mailers – using products which are not part of the universal service – different prices depending on where in the UK their mail is delivered (Royal Mail calls this zonal pricing).

The reasons for this decision are broadly that Postcomm is not satisfied that the change would be introduced in a manner which avoids unreasonable changes to users, and because it involves discrimination.

Postcomm has made this brief announcement today to provide clarity to users of postal services and will publish full reasons for its decision in January 2008.

This decision does not mean that Postcomm is ruling out any future moves towards retail zonal pricing for products outside the universal service should Royal Mail propose an alternative approach that avoids the problems presented by the current application. Postcomm is generally supportive of pricing that is more reflective of costs.

Royal Mail’s ‘zonal pricing’ application did not include services paid for by stamps or those bulk mail products that are included within the definition of the universal service which must, under the Postal Services Act, remain priced at a uniform rate regardless of delivery zone across the country. It is open to Royal Mail to submit a new application if it can be framed to meet the relevant regulatory tests.

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Court order approving scheme of arrangement for recommended offer

Posted by | Dec 13, 2007 | |

Christian Salvesen PLC (“Christian Salvesen”) announces that, at a hearing today in the Court of Session, the Court granted an order sanctioning the scheme of arrangement under section 425 of the Companies Act 1985 to effect the recommended acquisition by Groupe Norbert Dentressangle S.A. of the entire issued and to be issued ordinary share capital of Christian Salvesen (the “Scheme”) on the terms set out in a circular despatched by Christian Salvesen to its shareholders on 15 October 2007 (the “Scheme Document”). A copy of the court order will be delivered to the Registrar of Companies today.

Christian Salvesen will apply to the United Kingdom Listing Authority for the suspension of the listing of its ordinary shares on the Official List and to the London Stock Exchange for the suspension of the trading of its ordinary shares on the London Stock Exchange’s market for listed securities, in each case with effect from the close of business on 13 December 2007.

Completion of the Transaction remains subject to confirmation by the Court of the reduction of capital which forms part of the Scheme and the registration of the Court order by the Registrar of Companies. This is expected to be received on 14 December 2007, whereupon the Scheme will become effective.

Capitalised terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Scheme Document.

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Seasonal rail services for Royal Mail

Posted by | Dec 13, 2007 | |

EWS Network, the logistics rail provider, has been contracted to provide two mail trains a day for the Royal Mail over the next fortnight.

The ten van train will operate from the Royal Mail’s Princess Royal Distribution Centre in London, and then call at Warrington and Shieldmuir, just outside Glasgow. The train will then work a return service from Shieldmuir via Warrington to Prnicess Royal.

Stuart Boner, EWS Network Managing Director, said: “Royal Mail is a multi-modal logistics user and at their busiest time of the year they require additional resources from all modes. EWS Network is delighted to provide a rail solution that can be integrated into their plan, and looks forward to transporting mail in the days leading up to Christmas.”

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