£3/4m investment helps ANC gain new contracts
ANC’s £3/4 million investment in its move to a new Swindon depot on the South Marston Industrial Estate is already paying dividends with new business being won at a faster rate than ever.
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The Need for Improved Service
Presentation by IMRG at WME E06
P:LibraryWME Europe 06 presentationsColum_Joyce.ppt
ANC set fair with new deal
ANC Group’s six-strong management group has taken a majority shareholding and secured a new long term equity investor.
The result of the funding deal is that: RBS and Halifax BoS have excited the company: the management have added 50% of the company to their earlier shareholding and now own 73.75%; and Lloyds TSB Development Capital owns 26.25%, with a commitment to retain its stake for seven years.
Deutsche Post shares trading at 20-40 pct discount vs rivals partly on US
Deutsche Post World Net AG chief financial officer Edgar Ernst said the company’s share price is currently trading at a discount of about 20-40 pct compared with its rivals partly because of its problems in the US. In an interview with Boersen-Zeitung, Ernst also said another reason is the overhang in shares of Deutsche Post. He said once the US operations start making positive contributions to group earnings and when the state-owned Kreditanstalt fuer Wiederaufbau (KfW) sells its remaining Deutsche Post shares as part of the government’s privatisation, then the discount would be reduced. ‘(Our discount) is between 20 pct and 40 pct. And that is clearly too much. Our benchmark for that is UPS, Fedex and TNT,’ he said.
Read MoreAmtrak extends web for international deliveries
Amtrak Express Parcels last month launched a range of international express services that can be booked and tracked via the web.
Shipments can be booked and labels printed in the same way as for domestic collections. The system now captures all the special information required for international deliveries, and automatically generates proforma and commercial invoices.
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