Maersk shares plummet amid ‘high uncertainty’ of Red Sea shipping disruption February 8, 2024 Maersk shares plummetted over 14 per cent this morning after the container shipping giant flagged "high uncertainty" in the Red Sea.
Hapag-Lloyd warns Panama Canal drought restrictions could hurt shipping giant August 14, 2023 Shipping group Hapag-Lloyd has warned that using smaller ships on the Panama Canal could make the group “no longer competitive,” as severe droughts continue to disrupt the world’s largest trading route. One of the driest years ever recorded has led the government to impose extended restrictions on shipping groups using the route, with water levels [...]
Maersk hikes guidance as shipping costs rise on Red Sea disruption June 4, 2024 Maersk has hiked its full-year earnings guidance amid strong demand and continued disruption in the Red Sea.
Sunak: Britain launched fresh Houthi airstrikes last night – and would ‘not hesitate’ to do it again May 31, 2024 Rishi Sunak's announcement comes after Iran-backed Houthi rebels have launched attacks on ships in the red sea in a bid to disrupt international shipping.
Fred Perry issues bumper pay day as sales pass milestone August 22, 2024 British sporting and fashion brand Fred Perry has paid out a bumper dividend after its sales jumped past the £150m mark during its latest financial year. Founded by Wimbledon champion Fred Perry in 1952, the company has issued £90m in dividends for 2023 after its turnover totalled £154.1m for the year. The figure comes after [...]
Carpetright: Retailers urged to make ‘bold decisions early’ to avoid same fate July 15, 2024 Businesses have been urged to make "bold decisions early and "avoid kicking problems down the road" in the wake of reports that Carpetright is on the brink of collapse.
Cameron: We’ll strike the Houthis again if attacks continue January 14, 2024 The UK is “prepared to back our words with actions”, David Cameron has said, after military action was taken against the Houthis over their attacks in the Red Sea.
Hornby: British model railways maker’s shares tumble as Red Sea delivery delays hit sales April 22, 2024 Hornby, the British manufacturer of iconic model railway sets, has flagged a dip in sales after deliveries were delayed by Red Sea ship attacks.
UK manufacturing downturn continues but business optimism hits four-month high February 1, 2024 The UK’s manufacturing sector contracted again in January, while business optimism jumped to its highest level in four months, a closely watched survey has suggested.
Goldman warns oil prices could double if Houthi Red Sea shipping attacks continue January 5, 2024 Maersk has suspended all shipping through the Red Sea until further notice