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...Amazon’s $1bn industrial innovation fund is to step up investments in companies that combine artificial intelligence and robotics, as the ecommerce giant seeks to drive efficiencies across its logistics...
...Alibaba’s logistics arm Cainiao became the latest group to abandon plans to sell shares in the market last week, suspending an IPO that some had hoped would value the company at up to $20bn....
...“Seattle is a logistics business. It is grind and detail and logistics, and that is what has been missing there over the past 12 months,” O’Leary said....
...However, it faces fierce competition from rivals such as Amazon Logistics....
...Chinese ecommerce group Alibaba has suspended a planned IPO for its logistics arm Cainiao and said it would instead spend up to $3.8bn to buy out the unit’s minority shareholders....
...UK-based logistics group Wincanton is at the centre of a bidding war, with an agreed buyer increasing its offer and a third party also considering a bid....
...group....
...James Grzinic, an analyst at Jefferies, said the results “confirm just how much stronger than the rest of its peer group” Inditex has become....
...The board unanimously recommended shareholders accept the offer from the supply chain logistics group, which represented a 52 per cent premium to the last closing price....
...French container shipping group CMA CGM abandoned its pursuit of UK logistics company Wincanton on Tuesday, making it almost certain that a rival bid by GXO would succeed....
...Alibaba Group”....
...But after years of budget cuts the once-powerful Royal Navy will need its allies to provide many of the additional vessels needed to form a carrier strike group — in particular a key logistics ship....
...PDD Holdings overtook Alibaba in December as the most valuable domestic ecommerce group....
...The biggest movers on European stock markets on Thursday include travel technology platform Amadeus, joiner and kitchen supplier Howdens, consumer health group Haleon and logistics company Wincanton....
...Parcel delivery company Yodel is to be sold to a consortium that includes the owner of logistics group Tuffnells in the latest unwinding of the debt-laden financial interests of the Barclay family....
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
...Hornby, best known for making model railways, said Ashley would be available to support its chief executive, Olly Raeburn, and the wider business on “systems, operations, logistics and, where relevant, broader...
...A more active group is shaking up London’s listed property sector. There has been a flurry of share-based takeovers focused on warehousing space....
...The chief executive of business group Logistics UK said pushing back decarbonisation deadlines is “the last thing industry needs” and will “discourage” private investment in the UK....
...The logistics group, a bellwether for global growth, forecast adjusted earnings of $17.25 to $18.25 a share for the fiscal year, up from a prior forecast made in December, when it warned demand was slowing...
...This does not include some of the group’s latest acquisitions, such as a €5bn deal for the logistics business of French billionaire Vincent Bolloré, and the purchase of British delivery and warehousing company...
...The group’s shares were 3.3 per cent down on Euronext in Oslo on Wednesday, but 12.3 per cent up on a month ago....
...Ashley, who took a step back from running Frasers in 2022, will be available to support Hornby’s chief executive and advise the wider business on “systems, operations, logistics and, where relevant, broader...
...Shares in Wincanton jumped 18 per cent on Thursday after logistics group GXO announced an all-cash offer for the UK-based delivery and warehousing company, trumping a previously agreed bid by French shipping...
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