1345 GMT - Deutsche Post is among the most mentioned companies across news items over the past six hours, according to Factiva data, after its application to increase letter-postage prices was rejected by Germany's postal regulator. Germany's Federal Network Agency, which regulates the country's postal market, said the company couldn't sufficiently prove a rise in costs to justify an increase to the price cap that has been in place since the beginning of last year and is due to expire at the end of 2024. As a result of the decision, a figure in the three-digit million euros that the company was hoping to earn will be missing, Tobias Meyer, chief of the parent company of both Deutsche Post and DHL, said during a call with journalists. Dow Jones & Co. owns Factiva. (adria.calatayud@dowjones.com)

(END) Dow Jones Newswires

August 07, 2023 10:00 ET (14:00 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Deutsche Post (PK) (USOTC:DHLGY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Deutsche Post (PK) Charts.
Deutsche Post (PK) (USOTC:DHLGY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Deutsche Post (PK) Charts.