New name for Business Post

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Business Post is to change its name to UK Mail Group plc in early October. Chairman Peter Kane said this was to recognise the broad range of services the group now offered under the UK Mail brand, and reflected the livery now in use on the group’s fleet and premises.

Kane told shareholders at the group’s annual meeting that for the period from 1 April to 30 June, that 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 per cent year on year.”

“Our parcels business has seen an improved trend in underlying volume and revenue performance and, while still down on the previous year, this improvement is encouraging.

“Our Mail business, UK Mail, continues to achieve satisfactory levels of growth, benefiting from the early mail volumes from recent contract wins. Revenues in specialist Services, on an underlying basis, were slightly ahead of last year.

Michael Findlay has been appointed to the Business Post board as a non-executive Director, with effect from 1 September. He has held senior roles in the Corporate Broking departments of UBS and Merrill Lynch International. At Merrill Lynch he was co-head of the corporate broking business from 2004 until his retirement in April 2009.

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