Tag: UK

UK Royal Mail workers set for pounds 200m bonanza after profits hit new high

Posted by | Apr 24, 2005 | |

Postal workers are to share a pounds 200m windfall after annual profits at the Royal Mail surged to a record high. The state-owned postal group will not publish its full-year results until 17 May. But The Independent on Sunday has learnt that profits will come in at more than pounds 500m, with revenues up between 4 and 5 per cent. That will trigger the payout to postal workers, the biggest in the organisation’s history. All employees who have been with the company for more than a year are eligible for the payout ” likely to be around pounds 1,000 each ” from sorting room to staff to chief executive Adam Crozier. It is understood, however, that chairman Allan Leighton, who took up the role in 2002, has decided to forgo his bonus.

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The man who wants to deliver your post – Nick Wells Interview

Posted by | Apr 24, 2005 | |

Nick Wells sold his marketing firm to the Dutch giant TPG for Pounds 20m. Now he is heading its bid to blow apart the Royal Mail’s 350-year monopoly.

By the time I am up the narrow staircase Nick Wells is already apologising. “I bet you’ve not seen many offices as unglamorous as this?” he grins, waving his hand around.

Well, probably not. Wells’s base for TNT Mail UK, the Dutch-owned business mail start-up that is taking on Royal Mail, is a small two-storey warehouse off a suburban road in outer Maidenhead.

The reception area downstairs fits two at a pinch. Wells’s cardboard-walled office, overlooked by the bedrooms of the semi- detached houses opposite, might fit four. Even the three named directors’ parking slots in the tiny car park outside seem more like desperate pragmatism than any folly of hubris.

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Stamp cost to rise 25percent as An Post hits black

Posted by | Apr 24, 2005 | |

AS An Post stands poised to reveal a dramatic EUR 45m turnaround in its fortunes later this week, the Sunday Independent has also learned that the troubled semi-State is set to apply for a 25 per cent increase in the price of a postage stamp.

It is understood that the semi-state company will seek to have the cost of posting an ordinary letter raised to 60 cents.

The beleaguered company will unveil a surprise return to profit in its 2004 annual report due to be published on Thursday.

Ireland’s most troubled semi-state will report an operating profit of EUR 1.68m when chief executive Donal Curtin releases the annual report at the GPO in Dublin. This reverses the massive losses of EUR 43m which were reported in Curtin’s debut presentation at An Post 12 months ago.

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DHL builds B2B network with centre in North UK

Posted by | Apr 22, 2005 | |

DHL Global Mail is ramping up its national business-to-business (B2B) network, as part of its assault on the deregulated postal market.

The company is opening a mail centre in Warrington, Cheshire – the first since DHL’s acquisition of business mail specialist Smartmail International last year.

Smartmail already provides London regions with a B2B collection and delivery service. The northern centre’s unveiling marks its full integration into DHL.

DHL says the opening represents a major step in its plan to create a national network to rival Royal Mail within the next 18 months.

John Ivers, UK managing director of DHL Global, comments: “The fundamental factor missing in today’s mail service is reliability. By building our own network, we have 100 per cent control over this.”

Gregor McGregor, chief executive of Postwatch, states: “Customers want regular, reliable postal services, and this new service hits the mark.”

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UK Rural post offices told to pay for GBP600,000 fraud

Posted by | Apr 22, 2005 | |

Hunderds of rural sub-post offices have been told they must repay money obtained by fraudsters who cashed forged family tax credit and child benefit cheques.

Postmasters and postmistresses are facing demands of more than pounds 1,000 — money they say they cannot afford to repay, given their small profit margins.

Post Office Ltd has written to them ordering them to repay the money they handed over when the gang targeted small post offices last year.

On the Isle of Wight, where about 30 sub-post offices were hit, some postmasters and postmistresses have refused to pay.

Rodney Archer, of the National Federation of Postmasters, said: “The Post Office network will suffer further closures if costs like these are simply passed down the chain for sub-post masters to meet.

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