Tag: UK

Rentokil now pushes out its chief executive

Posted by | Jul 28, 2004 | |

Rentokil Initial yesterday parted company with James Wilde, chief executive, barely two months after showing the door to Sir Clive Thompson, the long-time chairman. The move increased speculation that an internal review now under way could lead to a restructuring, or even a break-up, of the FTSE 100 pest control and contract cleaning group that has a market value of GBP2.58bn. Brian McGowan, who will act as executive chairman until a successor is found for Mr Wilde, said Rentokil had not had a “fresh set of eyes at the top for 21 years”.
Mr Wilde, 51, became chief executive in January 2003. He had joined Rentokil in 1993 after its hostile takeover of Securiguard, where he was a director.

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Changes to Royal Mail’s Special Delivery next day service

Posted by | Jul 28, 2004 | |

Royal Mail announced today that the standard compensation for its Special Delivery Next Day service will increase from GBP250 to GBP500 from 28 October 2004. At the same time, the guaranteed delivery time for Royal Mail’s Special Delivery Next Day service will move from 12.00noon to 1.00pm from 28 October 2004. These changes have been agreed by the regulator, Postcomm.

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Royal Mail criticised for closing 2,500 post offices

Posted by | Jul 27, 2004 | |

The Trade and Industry Select Committee has criticised Royal Mail for closing 2,500 urban post offices, leaving customers ‘confused and dissatisfied’.

MPs criticised Royal Mail for not carrying out a “longer, more open and inclusive consultation process” before deciding what branches to shut. Royal Mail has an obligation to consult local communities about closures because of the post office’s provision of a social service.

According to The Times, committee members were concerned that further closures may take place under the programme which Royal Mail are calling “network reinvention”.

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Amtrak Express Parcels wins Virgin Wines contract

Posted by | Jul 26, 2004 | |

Amtrak Express Parcels has won a contract with Virgin Wines worth more than GBP1m to deliver boxes of wine to customers’ homes. The deal will double Amtrak’s business with the wine supplier, with which it has worked since 2002.
Virgin Wines, which also incorporates the Telegraph Wine Service, has seen year-on-year growth exceeding 30percent.

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Call to scrap Isle of Man Post monopoly

Posted by | Jul 26, 2004 | |

One of the UK’s largest express delivery companies is petitioning the Manx government to remove the monopoly currently held by Isle of Man Post.

Business Post, the fourth-largest operator in the UK, has secured a licence from UK postal regulator Postcomm to compete with the Royal Mail. Now it is hoping to do the same on the Island by persuading the Department of Trade and Industry to allow it access to the entire postal market. Current legislation prohibits any other company from collecting and distributing individual items of mail less than GBP4 in value. This means that the majority of letters posted are dealt with by IoM Post, including business mail.

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