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...Flush with pandemic cash, Saadé has taken CMA CGM on a quick-fire, roughly €35bn acquisition spree, with the aim of diversifying into logistics to cushion the group from shipping’s boom-and-bust cycles....
...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....
...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...
...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”....
...China’s AutoFlight Group won airworthiness certification from the Civil Aviation Administration of China in late March for the design and parts for its unmanned CarryAll aircraft — a global first for an...
...logistics and media companies....
...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....
...The logistics of my trip are beautifully managed, a series of small miracles....
...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....
...South Africa, where Anglo American has iron ore, steelmaking coal and platinum mines, has become an increasing drag on production because of crippling problems in the logistics and power sector....
...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...
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