GXO cleared to complete £960m Wincanton purchase
Pure-play contract logistics operator GXO has finally won clearance from UK competition regulators for its ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
This week saw four UK logistics executives at German 3PL Bertling convicted of using bribery to secure a £16m North Sea logistics contract. According to Reuters, Stephen Emler and Giuseppe Morreale admitted being part of a corrupt scheme to secure the contract, which involved over £350,000 being paid in bribes. Christopher Lane “pleaded guilty to a separate bribery scheme involving overcharging” and Colin Bagwell was convicted of that offence. All four worked for FH Bertling Ltd (UK), which went into voluntary liquidation last year.
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