TNT Express chief executive resigns

Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]

The Identity and Passport Service (IPS)  has renewed its passport delivery contract with DX Group. The firm will continue to provide secure delivery of UK passports, supporting documents and internal mail for the IPS, a contract it has held since 2004. Since the secure delivery contract began, the firm has reduced losses by 96% and investigation rates have fallen by 74%. It has also been recognised by the Home Office for helping it to save £3.2m in the 2011/12 financial […]

UPS’s UK business recorded “modest growth” last year in both turnover and pre-tax profit, with revenue rises largely driven by its European and international businesses.