DP World completes Cargo Services acquisition
DP World has completed its acquisition of Hong Kong-headquartered freight forwarder Cargo Services Far East ...
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
While UK retailer John Lewis’ five-week sales up to 27 December saw a 5.8% increase, Marks & Spencer, another iconic UK high street name, saw general merchandise sales fall by the same amount in the third quarter, while online sales fell 5.9%, year-on-year. The company blamed unseasonal weather in the early part of the quarter, which affected clothing sales, and then disruption at its Castle Donington online sales distribution centre. While John Lewis steamed ahead in multichannel retailing, “M&S’s logistical problems meant that it could not properly enjoy the fruits of this growth”, said one analyst. “A dismal set of figures.”
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