SGL eyes 'big' M&A deals, and declares itself the 'acquirer of choice'
Scan Global Logistics (SGL) looks to be shaping itself to be the next DSV, noting ...
With a “lacklustre” Wall Street debut, and now a $1bn loss, the start of 2019 has not been easy on Uber. According to reports, its failure to achieve profit is down to “heavy spending”. But the ride-hailing app has also had to face up to “fierce competition” from rivals, with San Francisco’s Lyft certainly giving it a run for its money. Perhaps that stinker of a Q1 is the reason behind Quartz’s struggle to comprehend how well, or in this case poorly, it performed. In fact, Quartz’s coverage on the numbers claims they are “so complicated you need a glossary of terms to get through a single sentence”. While the writer acknowledges reading financials is never a “breazy” read, there is a suggestion of outright deception: “Reading Uber’s results, your attention is constantly redirected, from actual figures to adjusted ones, from segment to sub-segment to sub-segment-level revenue reconciliations (a real mouthful)”. Uber Freight’s numbers, meanwhile, are hidden away under ‘Other Bets’.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Iran may now pose a threat to multimodal supply chains via Dubai
Capture of MSC Aries will further drive up Indian export costs
Alex Lennane
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