Business Post to become UK Mail
Parcels to mail group Business Post's revenues slipped in the three months to June, though the parcels division that caused the dip has picked up recently.
"Underlying group revenues were in line with the revenues for the same period in the previous year. On an unadjusted basis group revenues in the period decreased by approximately 4% year on year," it said.
Our parcels business has seen an improved trend in underlying volume and revenue performance and, whilst still down on the previous year, this improvement is encouraging, it added.
The mail business, UK Mail, continues to achieve satisfactory levels of growth, benefiting from the early mail volumes from recent contract wins.
The group plans to change the name to UK Mail Group in early October 2009 to reflect the growing importance of the mail arm.