Tag: UK

UK DX Services sees annual profit below expectations

Posted by | Nov 11, 2005 | |

UK mail delivery company DX Services PLC warned annual profit is likely to fall below prior expectations owing to weak revenues from clients in the financial services and property industries. ‘Based on the year to date, results for the full year to 30 June 2006 may be around 5 pct below our previous expectations, with some 40 pct of the operating profit for the year arising in the first half,’ chairman John Maxwell said in a statement released ahead of today’s annual general meeting. He added that the success of arrangements to deliver residential mail with the Royal Mail, the country’s leading postal company, would have an important bearing on the full-year outcome.

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TNT advocates liberalisation of postal market – level playing field with UK and Germany prerequisite for further liberalisation

Posted by | Nov 11, 2005 | |

TNT has taken note of the Council of Ministers’ decision to request advice from the Council of State regarding the proposal for a new postal act. In light of the proposed full liberalisation of the postal market in the Netherlands, the present Dutch Postal Act will need to be amended. TNT is a proponent of postal liberalisation, provided a level playing field is created in Europe. According to the Postal Memorandum, liberalisation in the Netherlands will have to keep in step with the rate of liberalisation and actual competitive opportunities in Germany and the United Kingdom. TNT has established that a level playing field does not exist at present. Compared to Royal Mail and Deutsche Post, new entrants to the UK and German postal markets are still disadvantaged by the VAT system. Other issues include licensing conditions, anti-competitive regulation of network access and rates, and market obstruction by both national postal companies. These problems do not exist in the Dutch market, which means that competition is already developing rapidly.

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ANC loses franchise revenue

Posted by | Nov 10, 2005 | |

Parcels carrier ANC’s income from franchises fell 85.9% in the year ended 31 March 05 to just £75,000, down from £619,000 the year before. The company reported a 6.3% increase in turnover to 125.8m and pre-tax profit rose 13.3% to £2.6m. It has also made a loss on disposing its In-Boot business which it acquired in 1997.

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ICL shows steady progress

Posted by | Nov 10, 2005 | |

Initial City Link has reported an £11.22m increase in turnover to £119.45 for the year ended 26 Dec 04. Pre-tax profit was £17.01m in 2004, compared with £15.15m the previous year, an increase of 12.3%. Its directors view the future with confidence, the report to Companies House says.

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Pounds 5m printing contract with Sky and new London base for TPF

Posted by | Nov 10, 2005 | |

The Print Factory (TPF) has secured a two-year contract to print Sky’s transactional mail, in a deal worth in excess of pounds 5m, and bought a new London site.

The Sky contract will be printed by TPF Direct, the firm’s dedicated direct marketing and transactional mail division. The division was set up after the firm began handling Sky’s transactional mail on an ‘informal basis’ last year.

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