DSV and K+N see margins squeezed hard in third quarter
Two of the largest global freight forwarders, DSV and Kuehne + Nagel, have reported Q3 ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
A February fire at Ocado’s Andover facility is expected to cost the online grocer somewhere in the region of £100m. The Guardian reports this contributed to the £143m loss reported in its six-month figures to June. However, the fire, at the site which Ocado claims provides around 10% of its delivery capacity, was apparently shrugged off by investors, with shares climbing more than 5%. However, it reportedly put a damper on Ocado plans for expansion as it looks to embark on a new relationship with Marks & Spencer – which replaces its existing grocery delivery deal with Waitrose next autumn.
Image: andoverandvillages.co.uk
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