UK Mail owner bids for City's approval

Business Post, the troubled company behind parcel delivery group UK Mail, has hired Hogarth Partnership as new CEO Guy Buswell tries to rebuild City confidence.

The move ends Bankside's four-and-a-half-year relationship with the group, which has issued four profit warnings in the past year.

Business Post finance director Peter Fitzwilliam said Hogarth had been appointed following a competitive pitch against Bankside, as part of Buswell's move 'to put together a new team'.

Buswell took over as CEO from Paul Carvell three months ago. The board ousted Carvell after he admitted that Business Post would fall short of profits forecast for the year to April.

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