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03/05/2002
Consignia chief executive could be replaced
The Financial Times has reported that Consignia chief executive John Roberts will step down from his post as soon as the government appoints a suitable successor.
Consignia – formerly known as the Post Office - is currently facing the dismantling of its monopoly along government lines aimed at opening up the postal sector to greater levels of competition.
In addition, the company's plan to cut costs through radically streamlining its operations have seen Consignia come under widespread criticism, most recently for the firm's decision to close a third of the urban post office network. Around 30,000 jobs have also been lost as part of the restructuring programme, representing 15% of the total workforce.
The inheritor of the title of Consignia chief executive therefore faces the task of turning a loss-making enterprise back into a national success story.
Speaking to the Financial Times, Labour MP Martin O'Neill, stressed the need for "entrepreneurial leadership" at the top of Consignia, as a counterpoint to the current chief executive's "civil service style approach".
Marisa Cassoni, group finance director of Britannic Assurance has already been tipped as the most likely successor to the post.
(CL)
Consignia – formerly known as the Post Office - is currently facing the dismantling of its monopoly along government lines aimed at opening up the postal sector to greater levels of competition.
In addition, the company's plan to cut costs through radically streamlining its operations have seen Consignia come under widespread criticism, most recently for the firm's decision to close a third of the urban post office network. Around 30,000 jobs have also been lost as part of the restructuring programme, representing 15% of the total workforce.
The inheritor of the title of Consignia chief executive therefore faces the task of turning a loss-making enterprise back into a national success story.
Speaking to the Financial Times, Labour MP Martin O'Neill, stressed the need for "entrepreneurial leadership" at the top of Consignia, as a counterpoint to the current chief executive's "civil service style approach".
Marisa Cassoni, group finance director of Britannic Assurance has already been tipped as the most likely successor to the post.
(CL)
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Consignia could change its name back to Post Office
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M&S report strong Christmas sales
Marks & Spencer has reported strong sales during the Christmas period. The High Street retailer saw like-for-like sales in the UK increase by 2.9% in the 13 weeks to the end of December. Marks & Spencer saw overall UK sales grow by 4.8% during the quarter. However, while food sales increased strongly, increasing by 7.
M&S report strong Christmas sales
Marks & Spencer has reported strong sales during the Christmas period. The High Street retailer saw like-for-like sales in the UK increase by 2.9% in the 13 weeks to the end of December. Marks & Spencer saw overall UK sales grow by 4.8% during the quarter. However, while food sales increased strongly, increasing by 7.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
