Business Post delivers increase

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The Independent Online
Business Post, the express parcels group that was floated on the stock market two years ago, increased profits by 56 per cent to pounds 5.9m in the six months to September. The figures were boosted by strong sales growth and better control of transport costs.

The founder, Peter Kane, is stepping down after 25 years as chairman as he intends to live abroad. He will become a non-executive director from next year. His brother Michael Kane will become chief executive, with non-executive director Neil Benson becomng chairman.