Business Post falls to pounds 8.8m

Wednesday 11 November 1998 01:02 GMT

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BUSINESS POST founder and chief executive, Peter Kane, gave his first profit figures since replacing Mick Jones as head of the UK parcel and mail delivery company. Announcing a 6 per cent fall in profits to pounds 8.8m, which Mr Kane attributed to a 33 per cent rise in operating costs, he vowed to "tighten up manning levels".

The company's share price - which has fallen by 64 per cent since its May peak of 957.5p - closed marginally up yesterday at 345p.

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Business Post falls to pounds 8.8m

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