Tag: UK

Competition is starting to deliver, says UK Postcomm

Posted by | Nov 1, 2005 | |

Postcomm today published its Competitive Market Review: 2005, which includes the results of a survey of 1,200 postal users. Speaking at the Mail Show in London today, Postcomm chairman Nigel Stapleton said that, since the market was first opened to limited competition nearly 30 months ago, Royal Mail’s rivals had won just over 1.5% of the letters market. “Customers tell us that this is already encouraging Royal Mail to be more responsive to their needs and offer more choice and innovation in postal services,” said Mr Stapleton. “But the development of a fully competitive market is still at a very early stage. By its own calculations, Royal Mail will still have nearly 90% of the market in 2010,” he added.

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Post office banking delivers

Posted by | Oct 31, 2005 | |

European banks have been slow to exploit the distribution capabilities of domestic post office networks, focusing instead on the expansion opportunities provided by organic growth and mergers and acquisitions (M&A), said Carl Holsters, member of the executive committee of the Belgian Post Group, speaking at VRL’s International Retail Banking Forum (IRBF) last month.

And with revenues from postal services shrinking, the contribution made by retail financial services is becoming increasingly significant, helping European post offices prepare for full deregulation of the postal sector in 2009, when they will lose their national mail monopolies.

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