Tag: UK

VAT plan could see Irish stamps costing 58c

Posted by | Sep 10, 2004 | |

The price of a stamp could rocket to 58c if the European Commission succeeds in imposing 21pc VAT on postal services, Fine Gael MEP Gay Mitchell warned.

He said the controversial proposals could fuel inflation and cause serious damage to An Post’s business at a time when it was struggling.

The Government referred the Commission’s plans to the Oireachtas European Affairs Committee, which is chaired by Mr Mitchell.

Previous proposals by the Commission to impose 21pc VAT on postal items weighing more than 2kg were dropped earlier this year.

The new proposals are for all items weighing more than 10kg to be taxed at the standard or reduced rate of VAT.

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3i trebles investment

Posted by | Sep 9, 2004 | |

3i disclosed details this week of what it made from its investment in Palletways when it sold its shareholding last month. Birmingham-based director Richar Bishop says 3i ‘made a return of three tiems its investment‘. 3i bought into Palletwyas for £6m in May 02 and left with £18m. Palletways had ‘traded well and exceeded expectations. I think it is an extremely good business‘ Bishop says.

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UN Postal Authority’s snail mail races into profit for first time in decade

Posted by | Sep 9, 2004 | |

United Nations snail mail sprinted into the black in the first six months of 2004 after years of wallowing in red ink as the world body’s Postal Administration (UNPA) registered its first net profit since 1994 thanks to lowered operating costs and new marketing initiatives such as personalised stamps.

UNPA, which has been issuing stamps since 1951 for mailings from its various headquarters with themes devoted to peace, health, the environment and other global concerns, expects to maintain or even improve on the net profit of USD706,434 for the first half of this year as more new products are introduced.

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Irish An Post to bring in consultants

Posted by | Sep 9, 2004 | |

An Post is to bring in outside consultants to study its performance in the next-day delivery of mail, it has emerged.

The loss-making company wants to examine whether it is possible to reach a 94 per cent next-day delivery target and to assess what it might cost. The telecommunications and postal regulator ComReg has said it wants An Post to reach the 94 per cent target as soon as possible

Hiring the consultants is likely to cost between EUR300,000 and EUR500,000, sources claimed last night. An Post already does its own sampling of next-day delivery performance and this contract, held by PricewaterhouseCoopers, is not affected by the latest move.

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Spring and Royal Mail’s John Modd joins Triangle

Posted by | Sep 8, 2004 | |

John Modd has joined Triangle as Director Mail. John, who was most recently Vice President Strategy and Business Development at Spring and previously Managing Director of Royal Mail International, will bring a wealth of experience in the international mailing industry to his role at Triangle.

Triangle’s global business, covering consultancy, mergers & acquisitions, recruitment, market research and media, has a very focused industry approach in the Mail, Express, Air Freight and Logistics sectors. The appointment reflects not only more effective servicing of the market places that Triangle operates in but more importantly an intellectual and “insiders” understanding for our clients.

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