Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
“This is a highly embarrassing turn of events for Barclays and has been reflected in a sell off today of shares. The stock opened down around 5% with investors clearly irked about the mismanagement of the structured product sales and the quick fire purchase, which sees the bank nursing a heavy loss. The delay of the bumper £1 billion share buy back has also rattled shareholders. The bank now needs a...
The UK logistics industry is beset with pessimism, according to a new survey showing the confidence index at 47.1 – its lowest level since records began in 2012.
The Barclays-BDO Logistics Confidence Index notes the “unprecedented domestic and global uncertainty created by the pandemic, in addition to ongoing concerns over the UK’s future relationship with the EU and the continuing skills shortages”.
Two-thirds (67.1%) of companies say current business conditions are more difficult …
The post UK...
https://theloadstar.com/uk-logistics-sector-may-be-down-but-its-certainly-not-out-suggests-survey/
Sportel postponed until 2021; No residents in hospital with coronavirus… plus two more items
Good Morning Monaco – Wednesday, September 16, 2020
Coronavirus has left thousands of cancellations in its wake since it first arrived in Europe. The health situation is now worsening again worldwide and as a result many countries are tightening their travel restrictions.
One new case of coronavirus was reported in Monaco on Tuesday, September...
Change is inevitable. And so it is that shipping has arrived at a moment where transformation is coming one way or another. Whether from environmental regulation, technological innovation, political expediency, economic imperatives or global pandemics that drive that change.
It is sometimes difficult to understand where the impetus for change has come from. But in today’s globalised market the stimulus for change is clear; they are a mixture of pandemic, new technology, political expediency and...
https://container-news.com/is-shipping-on-the-cusp-of-radical-change/
Maintaining freight rate levels is key to maintaining carrier profits in this crisis hit year that has seen shipping lines slash services, managing capacity in a, so far, successful effort to keep rates at a profitable level.
Carriers have maintained the rates while the volumes have decreased substantially, but with the crisis alleviating a little the third quarter volumes are expected to recover a little as the effects of the global pandemic are mitigated, that will mean lines will bring some...
https://container-news.com/rate-levels-key-to-mitigating-carrier-2020-losses/