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Reuters - 1 day ago

Shipping stocks battered after US port strike ends

UPDATE 1-Shipping stocks battered after US port strike ends Updates with European shipping shares SEOUL/LONDON, Oct 4 (Reuters) - Shares in shipping companies fell heavily in Europe and Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected. In early trading in Europe, shipping group A.P.

Reuters - 1 day ago

US port strike ends, leaving cargo backlog

UPDATE 3-US port strike ends, leaving cargo backlog 54 container ships queued outside ports, risking shortages Tentative deal includes 62% wage hike over six years, sources say Strike cost US economy $5 billion a day, JP Morgan analysts say Shipping stocks tumble across Asia and Europe Adds comment from economist in paragraph 3, background on administration involvement in paragraphs 9-10, updates stock moves; changes media label to USA-PORTS/LABOR By Doyinsola Oladipo and David Shepardson Oct 4

Reuters - 1 week ago

Burberry, Experian, GEA Group

EUROPE RESEARCH ROUNDUP- Burberry, Experian, GEA Group Sept 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Burberry, Experian and GEA Group, on Thursday. HIGHLIGHTS * Burberry BRBY.L : RBC cuts target price to 650p from 800p * Experian EXPN.L : RBC raises to sector perform from underperform * FACC AG FACC.VI : Kepler Cheuvreux raises to buy from hold * GEA Group AG G1AG.DE : Morgan Stanley raises to overweight from equal-weight

Reuters - 2 weeks ago

Swiss stocks - Factors to watch on September 20

Swiss stocks - Factors to watch on September 20 ZURICH/GDANSK, Sept 20 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday: HOLCIM HOLN.S Holcim's $30 billion New York spinoff of its North American business has come under fire from an environmental group that said the major cement maker was doing too little to tackle climate change.

Reuters - 2 weeks ago

Kuehne Und Nagel Opens Its New Adidas Distribution Centre In Mantova

BRIEF-Kuehne Und Nagel Opens Its New Adidas Distribution Centre In Mantova Sept 20 (Reuters) - KUEHNE UND NAGEL INTERNATIONAL AG KNIN.S : KUEHNE UND NAGEL INTERNATIONAL AG - HAS OFFICIALLY OPENED ITS NEW ADIDAS DISTRIBUTION CENTRE IN MANTOVA, NORTHERN ITALY KUEHNE UND NAGEL INTERNATIONAL AG - MORE THAN 700 NEW JOBS WILL BE CREATED Further company c

Reuters - 3 weeks ago

How DSV grew into the world's biggest logistics firm

EXPLAINER-How DSV grew into the world's biggest logistics firm COPENHAGEN, Sept 13 (Reuters) - DSV DSV.CO is on the verge of becoming the world's biggest logistics firm after agreeing to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion). DSV, a logistics firm that started as a small enterprise of 10 truckers in 1976, has grown rapidly through a string of successful acquisitions - some larger than the company itself - in a crowded

Reuters - 3 weeks ago

DSV to create global logistics giant with $15.9 bln Schenker takeover

CORRECTED-UPDATE 4-DSV to create global logistics giant with $15.9 bln Schenker takeover Corrects in paragraph 2 to say the combined group will be bigger than both DHL and Kuehne und Nagel, not just Kuehne und Nagel DSV to become world's biggest logistics company with Schenker acquisition Deal financed through equity raising and debt financing DSV to cut up to 1,900 Schenker jobs in Germany By Stine Jacobsen, Jacob Gronholt-Pedersen and Rachel More COPENHAGEN/BERLIN, Sept 13 (Reuters) - Denmark'

Reuters - 3 weeks ago

Freight forwarder DSV buys Deutsche Bahn's Schenker for $15.9 billion

Freight forwarder DSV buys Deutsche Bahn's Schenker for $15.9 billion COPENHAGEN, Sept 13 (Reuters) - Denmark's DSV DSV.CO said on Fri day it has signed an agreement to buy Schenker, the German state rail operator Deutsche Bahn's logistics unit, for 14.3 billion euros ($15.85 billion) in a deal which could make it the world's biggest freight forwarder.

Reuters - 3 weeks ago

Barclays weighs in on potential tariff risk for Europe if Trump wins

BUZZ-Barclays weighs in on potential tariff risk for Europe if Trump wins ** Barclays sees an up to high single-digit percent hit on European earnings if Donald Trump wins the U.S. presidential race and in the event of a full-blown trade war ** "A Trump win may raise concerns of a full-blown trade war," the British bank's strategists say in a note ** While the direct impact to potential U.S.

Reuters - 3 weeks ago

Germany gives DSV a sweet deal on freight takeover

BREAKINGVIEWS-Germany gives DSV a sweet deal on freight takeover The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon BERLIN, Sept 12 (Reuters Breakingviews) - Logistics giant DSV DSV.CO has managed to convince the German government that it shouldn’t pay too much for the jewel in the decaying crown of state-owned railway operator Deutsche Bahn.

Reuters - 3 weeks ago

Denmark's DSV wins 14 billion-euro race for Deutsche Bahn's Schenker, sources say

UPDATE 1-Denmark's DSV wins 14 billion-euro race for Deutsche Bahn's Schenker, sources say Adds extraordinary board meeting in paragraph 4, unions' job fears in paragraph 5, reasons for sale in paragraph 8, details about DSV in paragraphs 7 and 9 BERLIN, Sept 11 (Reuters) - Danish logistics company DSV DSV.CO won the race to buy Schenker , the rail logistics arm of German state railway Deutsche Bahn, sources at the railway and at the German government said.

Reuters - 4 weeks ago

Top of the Street: Heidelberg Materials, Deutsche Telekom, Big Yellow Group, European beverages and logistics

BUZZ-Top of the Street: Heidelberg Materials, Deutsche Telekom, Big Yellow Group, European beverages and logistics A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** HSBC downgrades Heidelberg Materials HEIG.DE to "hold" from "buy" as it expects weak pricing outlook in emerging markets and continued negative price/cost spread to lead to slow EBITDA progression ** UBS downgrades Deutsche Telekom DTEGn.DE to "neutral" from "buy" on valuation basis after the s

Reuters - 4 weeks ago

JPM flags M&A opportunity for DSV and DHL as its top pick in European logistics

BUZZ-JPM flags M&A opportunity for DSV and DHL as its top pick in European logistics ** JPMorgan says it resumes coverage of the European logistics sector "just in time for most anticipated M&A as storm clouds gather on container shipping" ** JPM says it favours companies with strong competitive positions in industries that are difficult to enter and where they have pricing power, rating DHL DHLn.DE at "overweight" and InPost INPST.AS at "neutral" ** It also likes companies that are consolidatin

Reuters - 4 weeks ago

Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu

Reuters - 2 months ago

Shipping firms respond to Houthi attacks in Red Sea

FACTBOX-Shipping firms respond to Houthi attacks in Red Sea Updates with latest comments from Hapag-Lloyd Aug 14 (Reuters) - Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged rerouting of shipments pushing freight rates higher and causing congestion in Asian and European ports.

Reuters - 2 months ago

Shipping firms respond to Houthi attacks in Red Sea

FACTBOX-Shipping firms respond to Houthi attacks in Red Sea Updates with fresh comment from Maersk Aug 1 (Reuters) - Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged rerouting of shipments pushing freight rates higher and causing congestion in Asian and European ports.

Reuters - 2 months ago

Danish logistics co DSV rises on Q2 EBIT beat

BUZZ-Danish logistics co DSV rises on Q2 EBIT beat ** Shares in DSV DSV.CO rise about 4% after Danish logistics co reports second-quarter earnings above analysts' expectations ** DSV reports EBIT of DKK 4,099 mln ($595.90 mln), about 3% above co consensus, citing positive volume growth and stabilisation of profit in the air & sea division ** DSV ra

Reuters - 2 months ago

B&M, LVMH, Ocado

EUROPE RESEARCH ROUNDUP-B&M, LVMH, Ocado July 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including B&M, LVMH and Ocado on Wednesday. HIGHLIGHTS * B&M BMEB.L : JP Morgan cuts target price to 469p from 471p * LVMH LVMH.PA : Jefferies cuts target price to EUR 690 from EUR 710 * Ocado OCDO.L : HSBC raises target price to 305p from 285p * SAP SE SAPG.DE : Jefferies raises target price to EUR 225 from EUR 210 * Tharisa Plc THST.L : Peel Hu

Reuters - 2 months ago

Swiss stocks - Factors to watch on Wednesday, July 24

Swiss stocks - Factors to watch on Wednesday, July 24 ZURICH/GDANSK, Jul 24(Reuters) - Here are some of the main factors that may affect Swiss stocks on Wednesday: TEMENOS Swiss banking software firm Temenos lowered its guidance for 2024 on Tuesday, citing its half year-performance which was impacted by Hindenburg's short seller report. COMPANY STATEMENTS R&S GROUP RSGN.S R&S Group announces organic net sales growth of 15% and operating performance above expectations for HY.

Reuters - 2 months ago

Freight group K+N second-quarter profit dip beats forecast

UPDATE 1-Freight group K+N second-quarter profit dip beats forecast Updates throughout with detail, company-provided consensus, quotes, share move By Anastasiia Kozlova and Amir Orusov July 23 (Reuters) - Swiss group Kuehne und Nagel KNIN.S on Tuesday reported a 23% drop in its second-quarter operating profit, beating expectations, and said it was ready for higher second-half demand after increased use of its Sea-Air Logistics service.

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