All finance articles
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ArticleGestamp shares start trading in Spain
Automotive components manufacturer Gestamp has officially started trading on the Madrid Stock Exchange, with CEO Francisco Riberas ringing the opening bell on Friday (April 7th).The company, which has its headquarters in Spain, conducted a book building exercise, which captures and records investor demand, ahead of the listing and achieved a ...
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ArticleBell rings for Schneider National after successful New York IPO
Having successfully raised $550m in an initial public offering (IPO), shares in the North American third-party logistics provider, Schneider National, have now started trading on the New York Stock Exchange (NYSE).The Wisconsin-headquartered company, family-owned since it was founded by Al Schneider in 1935, was also given the opportunity to ring ...
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ArticleWhite House budget blueprint cuts transport in favour of defence
A blueprint federal budget released by the Trump administration has proposed major cuts, including to the Department of Transportation (DOT), in order to fund a major increase in defence spending alongside additions to veterans' affairs and homeland security.In the budget document, America First – A Budget Blueprint to Make America ...
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ArticleWaller named as CFO of Ceva Logistics
Peter Waller (pictured) has been named as Ceva Logistics’ chief financial officer and member of the executive board with immediate effect, replacing Arjan Kaaks.Kaaks, who is said to be leaving to “pursue new opportunities”, only joined the Netherlands-headquartered company from retail firm Maxeda DIY just over a year ago.Waller was ...
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ArticleGefco signs deal with Russian Export Center for automotive services
Transport and logistics provider Gefco has signed a three-year partnership agreement with Russian Export Center to provide services for Russian and international exporters operating in the country. Gefco said the agreement would start with the provision of export services for the automotive industry before moving into other manufacturing sectors.Russian Export ...
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ArticleNissan buys $2.2 billion stake in Mitsubishi
Nissan is buying a 34% share in rival Japanese carmaker Mitsubishi for ¥237 billion ($2.2 billion) and will extend the strategic alliance the companies have had for the past five years.The two carmakers have agreed to cooperate in areas including purchasing, common vehicle platforms, technology sharing, joint plant activity and ...