Tag: Worldwide

TNT Express sees revenues slowing in 2005

Posted by | Dec 2, 2005 | |

Delivery services provider TNT Express Worldwide Philippines, Inc. yesterday said it expects revenues this year to grow by 28percent, slower than the 40percent revenue growth it posted last year.

TNT Express country general Manager Jose Luis R. Salas said revenue growth will slow this year due largely to the decision of one of its major clients, Acer Philippines, Inc., to transfer its manufacturing operation to China.

“Revenue growth for the year is expected to soften on account of Acer’s decision to transfer to China,” Mr. Salas told reporters yesterday in a briefing in Makati City.

He said growth for 2005 is expected to come from its high-end special services business as well as its courier and logistics operations.

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French banks claim Banque Postale unfair

Posted by | Dec 2, 2005 | |

The creation of a state-owned postal bank in France moved a step closer yesterday despite a hostile reception from the country’s bigg-est listed banks, which filed a complaint to the European Commission claiming unfair competition.

La Banque Postale, a subsidiary of the national post office, is due to be created on January 1, after winning approval from the French regulator on Wednesday night. With 28m clients, Euros 4.3bn (Dollars 5bn) of revenues, and 17,000 retail outlets, it will increase fierce competition in French banking.

Within minutes of the regulator giving its green light, four of France’s biggest banks, Societe Generale, BNP Paribas, Banque Populaire and Credit Agricole, lodged an appeal to the Brussels competition authority, asking it to block the postal bank’s creation.

The Commission said yesterday it would announce before Christmas whether it would approve the creation of La Banque Postale or open an inquiry.

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UK DMA splits Robottom role to address growth of other media

Posted by | Dec 2, 2005 | |

The DMA (UK) is carving up the role of director of industry development and postal affairs – left vacant by the departure of David Robottom (PM October 21) – to reflect the growing importance of other media channels.

Robottom’s main role is to be split in two, with the appointment of a director of media channel development, and a head of postal affairs, who will report to them. Neither post has been filled. His compliance remit will be folded into that of director of compliance Tessa Kelly, while his environmental role will be handed to another, yet to be decided, director.

DMA chairman Charles Ping says: “The decision to split the role reflects changes in the industry. Post, although still a key area, is now just one of the many direct disciplines. These days we’ve got the likes of email, Internet, digital and search-engine marketing, and we’re looking for someone with experience of all media.”

Robottom left at the end of last month, after ten years. He has set up a consultancy with his wife, D&S Consultants, which will offer a range of advice on postal affairs, environmental issues, data and direct marketing. He has already secured a contract with Royal Mail rival TNT UK Mail and data specialist DQM Group (PM November 18).

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Bank rivals in France appeal post office plan

Posted by | Dec 2, 2005 | |

A group of leading French banks said Thursday that they had appealed a decision by the French regulator approving plans of the state-owned mail service La Poste to open its own bank in January. The move, which is sure to intensify competition in the country’s banking industry, comes as other countries like Japan are seeking to break up the financial power of their post offices. In France, La Poste secured the approval on Wednesday of the Cecei, the country’s banking regulator, to set up its own retail banking operation. La Poste, the second-biggest European mail operator after Deutsche Post, already gets 23 percent of its revenue from financial services, including checking accounts and long-term savings.

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Nightfreight rings the changes

Posted by | Nov 24, 2005 | |

Nightfreight (GB), which announced a secondary buy-out in July 2005, has reported a 9.8% increase in turnover to £112.4m for 2004—but operating profit was down by more than 47%.
Its IDW Overnight business accounted for £86.5m of turnover in 2004, down 0.6%
The logistics business accounted for £19.6m of turnover, a 26.6% increase on 2003’s £15.5m. The Deliver2Home business made £6.3m turnover in its first year of operation.

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