Logistics

InPost appoints new UK CEO

InPost has announced the appointment of Neil Kuschel as UK CEO with immediate effect. It said Kuschel has extensive knowledge…

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Nike revenues hit $12.4bn in Q3

Nike Inc. has revealed that its third quarter revenues slightly increased on both a reported and currency-neutral basis to $12.4bn…

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Today’s news in brief-13/3/24

Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the…

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Zara owner profits surge by 28% in FY23

Zara owner Inditex has welcomed a “very robust” FY23 performance, as profit-before-tax surged 28.2% to €6.9bn (£5.9bn) while sales rose…

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Today’s news in brief-1/3/24

The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End…

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Stuart Hill leaves Matches for DHL CEO role

Stuart Hill, COO of Matches Fashion, is set to leave his role to join DHL UK as its new CEO.…

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Sainsbury’s to axe 1,500 roles amid cost-cutting programme

Sainsbury’s has announced that it will reduce the number of roles across the business by approximately 1,500 as part of…

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Former Prince Andrew aide working on Currys takeover bid

Amanda Thirsk, former aide to Prince Andrew, is reportedly playing a key role in JD.com’s attempted takeover of Currys, according…

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Today’s news in brief-13/2/24

Yodel has been rescued by rival company Shift, marking a significant development in the logistics sector. Yodel, acquired by YDLGP…

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Yodel rescued by rival firm Shift

Yodel has announced that it has been acquired by YDLGP Limited, a newly formed company backed by rival firm Shift,…

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