Tag: Worldwide

Losing logistics gives a logic to TNT business

Posted by | Dec 12, 2005 | |

No sooner had TNT announced it was pulling out of logistics, than its chief executive moved swiftly to dispel the impression that the company had been bullied into action. Peter Bakker told the Financial Times: “I want to take away the impression this is a knee-jerk reaction to pressure. We are convinced that we have now a business logic that works.” However Mr Bakker, who has been under pressure on a number of fronts, revealed that US investors had been talking to the company about a share buy-back for two years. And he conceded the rising trend in investor activism. “Of course shareholders are more vocal and shareholder activism doesn’t go unnoticed. That forces management to look at all angles to create value. But I do not believe that should lead to reactions. Shareholders are best served by management teams that can create value.”

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Carvell leaves post haste

Posted by | Dec 11, 2005 | |

There is a mystery over the timing of the resignation of Paul Carvell, the chief executive of delivery firm Business Post. He quit after the company issued two profits warnings in three months. But why didn’t Carvell step down in November when Business Post issued its last warning?

Perhaps he fought to stay and had to be persuaded by chairman Peter Kane, whose family owns nearly 40 per cent of the shares. Kane has intimated that Carvell wasn’t pushed, but whatever the truth, the three-week time lag between the November profits warning and the departure of Carvell has been cause for concern.

Some investors have convinced themselves that the delay was due to the fact that the company found that trading conditions deteriorated further in the last 21 days, and that there could be another profits alert around the corner. On the basis of three profits warnings and you are out, Carvell had no choice but to go.

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100,000 visit Belgian Post online shop since May 2005

Posted by | Dec 9, 2005 | |

The online shop of the Belgian postal service company De Post/La Poste has attracted 100,000 visitors since its launch in May 2005, Francois Dorrekens, spokesman of the company, said on December 7, 2005.

The visitors who made a purchase spent between 70 euro (USD81.9) and 80 euro (USD93.6) on average, with stamps being the most preferred item, Dorrekens added. However, he did not reveal the total sales generated by the shop.

According to Dorrekens, due to the higher-than-expected number of visitors of the online shop, it might expand its service range in the future, as several new projects are currently being under review.

The online shop offers some 100 products, including stamps and post cards.

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Belgian Post to raise prices Feb 2006

Posted by | Dec 9, 2005 | |

Belgian postal service company De Post/La Poste will increase some of its prices from February 1, 2006, Belgian junior minister for public enterprise Bruno Tuybens told the Senate on December 7, 2005.

The price of priority-mail stamps will increase to 0.52 euro (USD0.61) from 0.5 euro (USD0.6), while other mail stamps will cost 0.46 euro (USD0.54), up from 0.44 euro (USD0.52).

The proceeds from the price increase will be invested in the improvement of postal services.

According to Tuybens, the increase in the prices will be lower than the rise of the consumption index. He added that the period for parcel delivery would be reduced to two days from four now.

The prices of international postal services will not be raised, Tuybens added.

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Deutsche Post plans new cost cuts; looks for Asia, Eastern Europe acquisitions

Posted by | Dec 9, 2005 | |

Deutsche Post AG plans to start a new cost cutting programme when the current one, Star, expires at the end of the year, chief executive Klaus Zumwinkel told the Financial Times Deutschland, adding the group also wants to make acquisitions in Asia and Eastern Europe. ‘The new programme should clearly express our targeted level of earnings in three years,’ Zumwinkel said.
‘Star targeted integration and costs. Now we want to concentrate more on customers and quality,’ he said, adding that more details will be available early next year. On the group’s expansion plans, the CEO said Deutsche Post is looking at making acquisitions in Eastern Europe and Asia, adding that ‘in ten year’s the express mail service will be much more consolidated (than it is today)’ and that there is a call for ‘volume and size’ in the industry.

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