Toll Group has deployed more than 60 Geekplus sortation robots at its new warehouse in Baeksa in South Korea that will increase productivity and sorting efficiency of e-commerce, retail and omnichannel fulfilment by 70%. According to Geekplus, the robots have resulted in substantial cost savings associated with time and labor, …
Read More »According to a study from Preply, Edinburgh’s Royal Mile is Scotland’s most overrated tourist trap – ranking second in the UK overall – with 615 people venting their frustrations with the attraction. The most “overrated” attraction in the UK was the London Eye, with 1028 reviews sharing their disappointment with …
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Royal Mail has announced plans to end six-day-a-week mail deliveries. This is part of a worldwide offensive by post and logistic companies to slash thousands of jobs, spearheading a cost-cutting and profit-driven restructuring. The stampede by Royal Mail to ditch the Universal Service Obligation—a legal requirement meant to safeguard mail …
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ID 96947152 © Ian Dyball | Dreamstime.com It’s a recurring theme for die-hard sources in our marketplace: for M&A-hungry DSV to grow inorganically, the thinking goes, it would make a lot of sense to target a US-listed 3PL, either Expeditors (EXPD) or CH Robinson (CHRW). Particularly the (weakened) latter now, …
Read More »Leading shareholders in Royal Mail’s parent company have criticised Czech billionaire Daniel Křetínský’s £4.5bn approach, with one large investor calling his initial offer an “absolute joke”. International Distributions Services said on Wednesday that it had recently rejected an approach from Křetínský’s investment group that valued the former British postal monopoly …
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Richard Horne will take up the position in the autumn, joining from PwC. Richard Horne has been announced as the next Chief Executive Officer of the UK’s National Cyber Security Centre (NCSC). Horne joins the NCSC from PwC UK, where he currently chairs the Cyber Security Practice, and will take …
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Investors and Analysts Delve into Royal Mail’s Outlook Amidst Market Flux In the dynamic realm of the UK stock market, all eyes are on Royal Mail, operating under the banner of International Distributions Services PLC (LON:), as of 2024. With heightened interest from investors and analysts, the performance and future …
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The European conglomerate EP Corporate Group, led by Křetínský, submitted its proposal last week, seeking to purchase all of the company’s outstanding shares not already owned by EP or its affiliate group Vesa Equity at 320p per share for International Distribution Services (IDS). But IDS said it had turned down …
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Patent worries persist Shareholder discontent at AGM When AstraZeneca (AZN) announced a dividend hike ahead of a potentially fractious AGM last week, it was bound to be viewed as a sweetener for investors who’ve gone sour on the stock. Although its shares have now recovered after lurching downward in the …
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By Charlotte Goldstone 19/04/2024 UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire investor Daniel Křetínský. Mr Křetínský’s company, EP Group, this month submitted a “non-binding indicative proposal” for the holding company of the Royal Mail and General Logistics Systems (GLS) of 32 pence …
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