Hints and tips:
...But Apollo’s DIP financing proposal fell through after Yellow’s lawyers last Friday told a federal bankruptcy judge in Delaware that two other parties — MFN Partners, a Boston-based hedge fund, and Estes Express...
...American Express Global Business Travel has therefore chosen an awkward time to announce a listing....
...In one example of the regulatory quagmire, Moon Express went through a protracted inter-agency process to get approval for a commercial moon landing....
...Some employees took to Twitter late on Tuesday to express their relief at finally being able to sell their shares....
...I had broken my own rule: to take public transport whenever I could....
...National Express rejected the move and defended its employment practices....
...Operating income at FedEx Express, the air parcel delivery segment, grew 42 per cent to $326m, although revenues declined marginally from $6.86bn to $6.84bn....
...All three offers were well clear of the Y67bn target price set by the government, which wanted to offload the asset – which runs an express commuter line to the south of the city – as part of a broader privatisation...
...And American Express rose 1.8 per cent to $67.39 on the week after the company’s board authorised the repurchase of up to 150m shares....
...What was extraordinary was the scale on which a flawed organisation – and his dishonesty – permitted him to express those characteristics....
...The source called them “more old boys’ network”, noting that neither had experience in the transport industry....
...Jana Partners, which together with Alberta Investment Partners owns 5 per cent of TNT Express, was the driving force behind a shareholder revolt that led to the break-up of the former TNT into TNT Express...
...PostNL officially says it has confidence in TNT Express’s current board....
...TNT Express, the Dutch express delivery company, has indicated it wants to avoid a direct conflict with activist shareholders and may accept their proposal to nominate three additional members to its board...
...Shares in National Express closed at 260.4p, up 2.8p....
...Citadel Capital has unveiled plans to become the biggest shareholder in Rift Valley Railways, operator of the “Lunatic Express” line running from Mombasa to Kampala....
...The express arm would then be more attractive to US buyers....
...TNT, which took its name from the international express carrier that merged with the Dutch post office in 1996, has long been in the frame as a possible takeover target....
...National Express, another UK transportation group, runs the small Stewart airport north of New York City under a 99-year lease....
...The news of four more attacks on London’s transport system just two weeks after the July 7 attacks also pressured the main indices....
...Shares in the company rose 6.7 per cent to $15.93 Transport finished higher after UPS, the express shipping company, reported higher first-quarter profits and forecast stronger growth this year....
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