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...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
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...“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....
...Regulators in Brussels will order the US-based group, which owns brands including Oreo, Cadbury and Toblerone, to stop blocking cross-border trading because of the potential harm to consumers at a time of...
...International Distributions Services said on Wednesday that it had recently rejected an approach from Křetínský’s investment group that valued the former British postal monopoly at 320p a share....
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...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...
...Strong deals in Europe have added to the mood, with listings for the likes of German defence contractor Renk and Athens International Airport rising after their market debuts....
...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....
...Amazon has invested heavily on its own network and operates more than 1,000 facilities throughout the US, according to the logistics consultant MWPVL International....
...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....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...This compares with global air passenger volumes, which are only likely to exceed pre-pandemic levels this year, according to trade group Airports Council International....
...There were CEOs at Royal Mail and GLS, its Netherlands-based logistics business, and a chair for the overall group....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...It has a sizeable war chest of more than $100mn and a portfolio that includes logistics company Kobo360 and software training group Andela, which has also received investment from the Chan Zuckerberg Initiative...
...Clare Bottle, chief executive of the UK Warehousing Association, which represents logistics groups across the country, accepted that outdoor facilities were of limited use at 24-hour sites, with workers...
...The disposal of the retail unit, which has lower margins compared with its international car distribution arm, will help improve the group’s profitability....
...It is also a huge beneficiary of increasing returns from international trade, having created a tech and logistics layer for getting cheap manufactured goods reliably from Asian factories to a huge end market...
...His quant trading firm Susquehanna International Group owns roughly 15 per cent of the company, and the stake represents a significant chunk of his net worth....
...The decline is of major concern not only to trade groups such as the Shipbuilders Council of America, says its president Matthew Paxton, but also to the industries that support shipbuilding....
...He had been JPMorgan’s co-head of Emea M&A and co-head of its global strategic investor group M&A. Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business....
...and Transnet, implement market reforms in electricity and logistics, and revive economic growth....
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...Chief financial officer Brian Newman said that the macroeconomic environment “showed improvement” in the fourth quarter, but “the transportation and logistics sector conditions remained under pressure both...
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