News / UTi Worldwide on DSV’s shopping list? Takeover talks took place, it is revealed

first_img Danish 3PL and road haulage company DSV and US forwarder UTi have revealed they held acquisition talks earlier this year.Although a statement from UTi denied that the talk ever reached an advanced stage, it did confirm discussions had taken place.“Although UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV, those discussions never progressed beyond a preliminary stage. Currently there are no discussions taking place between the companies,” UTi said in an emailed statement to The Loadstar.DSV also confirmed that talks had taken place earlier this year “concerning DSV’s potential acquisition of UTi Worldwide”, but also confirmed that they had ended.In its half-year results released at the end of July, DSV chief executive Jens Bjorn Andersen said it was looking at several acquisition opportunities and highlighted the US as a region of particular interest.“We have an appetite for M&As and we have indicated that the size of the acquisitions could be bigger than they have been in recent years – more in a size similar to our acquisitions of DFDS Road Transport and ABX,” he said at the time.In 2008, DSV transformed itself from principally a road haulage concern – it was originally founded by 10 Danish truckers – with a small forwarding division, into an international 3PL after it acquired Belgium’s ABX Logistics for €750m. At the time ABX was a company with a €1.8bn annual turnover.It proved to be a transformative acquisition for DSV, which last year reported revenues of $7.6bn and an operating profit of around 416m – although haulage continues to represent around half of its turnover.UTI Worldwide would have represented its largest purchase to date. The Long Beach-headquartered company reported revenues of $4.4bn in its latest full-year figures and an adjusted EBITDA of $98m, with freight forwarding its principal activity.In February this year however, UTi began to experience difficulties after it breached some loan covenants, reported Bloomberg yesterday, and in response issued new debt and some convertible shares to hedge fund P2 Capital Partners. A number of months ago it is understood to have hired Morgan Stanley to undertake a strategic review of its corporate options. By Gavin van Marle 04/12/2014last_img read more

Marco Verratti confirms he will stay at PSG

first_img The Italian, 26, has played 32 games this season and scored one goal. He has a contract until 2021.  It is speculated he will sign a new deal until 2024, with the links to Barcelona and other clubs fading away. Upd. at 21:45 CEST Sport EN Verratti confirma que seguirá en el París Saint-Germaincenter_img 14/04/2019 “Yes, I’m staying in Paris,” he told Telefoot in an interview. “If nothing happens and the club doesn’t want to dump me, I will be playing here next year.” IN SPORT.ES Marco Verratti’s name is constantly on the rumour mill but this time he has come out and said that he isn’t going anywhere.last_img

Mesut Ozil’s future is uncertain at the Emirates

first_imgAdvertisement 2nmNBA Finals | Brooklyn VsvgmWingsuit rodeo📽Sindre Ecnvn( IG: @_aubreyfisher @imraino ) 592Would you ever consider trying this?😱2xojCan your students do this? 🌚zmvRoller skating! Powered by Firework Mesut Ozil’s future is not looking very much certain at the Emirates. The Gunners renewed the contract of Mesut Ozil in this year with a weekly wage of £300,000. However, it is seeming that Mesut Ozil is nowhere in the plan of Unai Emery.Advertisement Mesut Ozil was not in the match day squad of the Gunners against Tottenham Hotspur in the quarter final of Carabao Cup on Wednesday. Previously, also Mesut Ozil was dropped from the squad of the Gunners. When, Unai Emery was asked about the injury status of Mesut Ozil, he told that it was a tactical decision.Advertisement Mesut Ozil was fit to start in this match; but Unai Emery did not include him in the matchday squad. According to the sources in the training Ground of Arsenal, Mesut Ozil was the only player in the squad who was not seen in the plan of Unai Emery.The relationship between Unai Emery and Mesut Ozil is worsening day by day. In the winter transfer window, the club management could think to offload Mesut Ozil. However, there might not be many suitors for Mesut Ozil in the transfer window as the player has an excessively high weekly wages in his contract. So, the situation might be really complicated for the Gunners in this January transfer window.Advertisement    Advertisementlast_img read more

Housing report tanks

first_imgBy ANEEKA SIMONIS A REPORT indicating that more than half of the homes in Cardinia and Clyde were empty last…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Wildcats face many uphill battles this high school volleyball season

first_imgBy The Nelson Daily SportsWhat the Mount Sentinel Wildcat lack in experience, the team makes up in hard work.That’s what head coach Glen Campbell witnessed at the opening tournament of the season in Creston.The Cats played hard but inexperience cost the team as Mount Sentinel lost in the semi finals of the Prince Charles Comets Invitational High School Boy’s Volleyball Tournament Saturday in the East Kootenay City.Selkirk Storm of Kimberley defeated the Cats 2-0 in the bronze medal game.“We are a young inexperienced team with only two returning starters from last year’s team,” Campbell said. “One of our returning players is Team B.C. player (Zach Grigg) who gives us that experience and leadership in a re-building year.”Mount Sentinel finished with a 1-2 mark in the four-team tip-off tournament to the B.C. High School Boy’s Volleyball season. Each match went three sets.Mt Baker Wild of Cranbrook defeated Mount Sentinel semi final action for the right to meet host Prince Charles in the final.Next up for the Cats is the UBC/O High School Invitational Tournament in Kelowna Oct. [email protected]last_img read more

Little, Clarkson top Balfour Golf Tournaments

first_imgJackie Little and Reg Clarkson were recently crowned champions during a pair of golf tournament at the Balfour Golf Course north of Nelson.Little took home the top prize at the Balfour Ladies Open last Thursday while Clarkson won the Balfour Senior Men’s Open in late August.Jennifer Green took home the Low Net Title during the Ladies Open Tournament. Little is not done with her season as the Balfour Champ is now off to compete in the Senior Women’s Amateur Irish Open and Senior Women’s Amateur British Open across the Big Pond.Little won the Super Senior title at the Canadian Women’s Mid-Amateur & Senior held  in Osoyoos during August.Clarkson fired a near-record round during the Balfour Senior Men’s tournament, finishing with a three-under score of 69.Both tournaments attracted players from throughout the West Kootenay region.Reg Clarkson receives the Balfour Senior Men’s Open Trophy from club professional Craig Wilkinson. — Submitted photolast_img read more

Deadline for applications for €75,000 ‘Energia Get Ireland Growing’ Fund extended by one week

first_img21/11/2018. FREE TO USE IMAGE. Get Ireland Growing… Pictured is Erin Rohan age 7 at the launch of the ‘Energia Get Ireland Growing’ fund. GIY and Energia have teamed up to offer a €75,000 pool of funding to community and voluntary organisations who can, from today until January 18th 2019 to apply for grants, which will enable them to start or further develop a community food-growing project in their area. Applications are being accepted via www.giy.ie. Picture: Patrick BrowneCommunity groups invited to apply to €75,000 Energia ‘Get Ireland Growing’ FundCommunity groups and voluntary organisations from all across Ireland are now invited to apply to the Energia Get Ireland Growing and GIY fund 2019, as the €75,000 pool of funding opens for applications today (Wednesday, November 21th).Groups and organisations have from today until January 18th 2019 to apply for grants, which will enable them to start or further develop a community food-growing project in their area. The Energia Get Ireland Growing Fund will be split across three categories, ‘Sow’, ‘Grow’ and ‘Harvest’ with awards ranging from €500 to €2,000 with one group selected to receive €5,000. Together Energia and GIY will support at least 86 community food growing groups from all across the island of Ireland.This is the sixth year of the fund, which has already supported over 500-community food growing projects to date, positively impacting over 140,000 people. €410,000 has been awarded over the last six years and this was distributed to projects all across the country. The funding pool is now open to any community group, school, NGO or Not for Profit, community garden or allotment group, GIY group, hospital, crèche, direct provision centre, men’s shed, any group who grow their own food, want to grow their own food and want to promote growing food. Applications can now be made online via www.giy.ieLaunching the initiative today, the founder of GIY Michael Kelly s Energia Get Ireland Growing Fund calling on Galway for Applications GIY and Energia are calling on people across to the country to get growing their own food in 2019 and are offering all budding growers the opportunity to apply for funding from the ‘Energia Get Ireland Growing’ €75,000 funding pool.Grants from the Energia Get Ireland Growing Fund will be split across three categories ‘Sow’, ‘Grow’ and ‘Harvest’ with awards ranging from €500 to €2,000 plus one very special group will receive a generous €5,000 grant for their project. The fund will support at least 86 community food growing groups from all across the island of Ireland.This is the sixth year of the fund, which has already supported over 500-community food growing projects to date, positively impacting over 140,000 people. €410,000 has been awarded over the last six years and this was distributed to projects all across the country. The funding pool is now open to any community group, school, NGO or Not for Profit, community garden or allotment group, GIY group, hospital, crèche, direct provision centre, men’s shed, any group who grow their own food, want to grow their own food and want to promote growing food. Applications can be made online via www.giy.ieIn addition to the funding provided, GIY also provides supports and opportunities for knowledge exchange between the projects, helping the best ideas to be shared through ‘Energia Get Ireland Growing’ creating a long-term legacy across Irish communities.Some of the previous flagship projects include, a grow garden for the Irish Wheelchair Association Centre in Carlow (2017), the Recovery Garden in Kilkenny (2017) Knockanrawley Resource Centre Organic Garden Tipperary (2018) Camphill in Dingle County Kerry (2018) at the Ballymun Adult Read and Write Scheme in Dublin (2018) the Dublin Migrant Women Community Garden (2018) Recovery Haven in Kerry (2017) and last year’s overall winner of The Today Show fund of €5000 (2018), The Edible Landscape Project, a training and education initiative in Westport, Co. Mayo.The successful applicants will be celebrated at a gala event, which will be held at the home of GIY, GROW HQ in Waterford, in March 2019. For further details and to submit an application for ‘Energia Get Ireland Growing’ 2019 see www.giy.ie#[email protected] WhatsApp Facebook Twitter Emailcenter_img The Energia Get Ireland Growing Fund have now extended the application deadline by one week and groups and organisations now have from today until January 25th 2019 to apply for grants, which will enable them to start or further develop a community food-growing project in their area.last_img read more

Galway minor footballers lose championship opener to Roscommon

first_imgprint WhatsApp Facebook Twitter Email GALWAY: D Halloran, J McGrath, R King, L Tevnan, E Fiorentini, D Kennedy, D McNulty (0-1), J McLaughlin, D O’Flaherty, A Naughton (0-2, 0-1f), D Cox (0-2), D Brady (0-1), N Grainger (1-1), T Culhane (0-6, 0-3fs), W Seoige SUBS C Hernon, C Gallagher, N Cunningham, S Cunningham (0-1) ROSCOMMON: J Costello, P Gavin, T Shine, C Lohan, C Glennon, O Cregg,S Trundle (0-2, 0-1f), R Fallon, J McDermott (0-1), C Feely (0-3), DCregg (0-1), M Purcell (0-1), B O’Carroll, E Colleran (0-2), A McDermott(0-7, 0-2fs) SUBS M Naughton, A Oyiki (1-0), J Downey, E Corcoran Kevin caught up with a disappointed Galway manager Donal O’Fathartha…center_img The Galway minor footballers suffered a 2 point defeat to Roscommon last night in Hyde Park, in what was the opening round of the Connacht Championship. Despite leading by 8 points at half-time, Galway couldn’t stop the home side’s second-half momentum as Roscommon eventually won out 1-17 to 1-15. Kevin Dwyer reports…last_img read more

Sweep gives Leafs early lead in Murdoch Division

first_imgAfter Week One of the Kootenay International Junior Hockey League, the Nelson Leafs occupy the same spot as team did when the last season concluded — on top of the Murdoch Division.Nelson posted a pair of 4-1 decisions over teams from the Okanagan/Shuswap Conference.Ryan Piva scored twice on Opening Night as Nelson dumped North Okanagan Knights at the NDCC Arena.Saturday, four different Leafs scored lifting the Green and White past Sicamous Eagles.Nelson enjoys a two-point lead over second-place Beaver Valley Nitehawks as KI teams continue to fill out rosters for the upcoming season.Piva powers Opening Night winThe veteran sniper Ryan Piva scored twice sparking the Leafs to a 4-1 victory over the visiting North Okanagan Knights at the NDCC Arena.Piva scored in the first and second periods as Nelson built a 3-1 lead after 40 minutes.Leafs captain Jack Karran and David Sanchez added singles. Kalem Hanlon added a pair of assists for Nelson.Ty Toppe scored the only goal for the Knights, outshot by a 49-14 margin including 23-3 in the second period.Leafs clip Eagles for first road victoryNelson scored four unanswered goals — three coming on the power play — to edge Eagles 4-1 Saturday in Sicamous.Justin Hodgson and Leaf captain Jack Karran gave Nelson a 2-1 lead after one period after the Leafs spotted the Eagles the early 1-0 lead. Both goals came on the power play. Logan Wullum, also with the man advantage, and Nelson Minor Hockey grad Kaleb Comishin padded the lead with second period goals.Nelson finished the game out shooting the Eagles 38-25.Caiden Kreitz earned his second win of the season blocking 24 of 25 shots.Lavoie earns firefighter of the game honourVancouver native Mitch Lavoie captured firefighter of the game accolades following Saturday win over Sicamous.“Mitch always wears his work boots to the rink and tonight was no exception. He was solid in his own end and was able to contribute offensively by generating several scoring chances,” the Leafs Twitter account said.The firefighter helmet was donated by Nelson Fire Rescue at the start of last season and is presented to the squad’s hardest working player following each KIJHL game.Humboldt StrongFriday, prior to the North Okanagan-Nelson game, Leafs management held an on-ice tribute to the Humboldt Broncos hockey team.The Broncos were heading to Nipawin, Saskatchewan, in April for a Saskatchewan Junior Hockey League playoff game when the bus the players and coaches were riding on was T-boned by a tractor-trailer. The crash killed 16 people and injured 13 more.After Leafs Head Coach Mario DiBella read the tribute, former Humboldt Broncos player, Ashton McLeod joined captains Jack Karran, of Nelson, and Jaden Hay for the ceremonial puck drop at center ice.Next up a return Murdoch Division ActionAfter seeing two teams from the Okanagan/Shuswap Conference during Week One of the KI season, Nelson hosts a pair of Murdoch rivals this coming weekend.Friday, Grand Forks Border Bruins visit the NDCC Arena. Nelson eliminated the Bruins during last year’s playoffs in seven games.Grand Forks blasted Princeton Posse 8-1 at home Friday before dropping a tough 3-2 decision to Columbia Valley Rockies of the Eddie Mountain Division.A goal by Ryan Skytt early in the third period proved to be the difference for the visiting Rockies.Beaver Valley played just once last weekend, defeating Fernie Ghostriders 7-2 Saturday in Fruitvale.last_img read more