Clipper Logistics Group is to begin trading fully on the London Stock Exchange on Wednesday 4 June. The placing price has been set at 100p per share and will comprise of 100m ordinary shares. Conditional trading began today (30 May) at 8am under the CLG ticker with 49m shares on offer. Unconditional trading is expected to begin at 8am on 4 June with an expected market capitalisation of £100m. Clipper Group executive chairman Steve Parkin said: “I am delighted with […]
Third-party logistics providers have this year won millions of pounds in business, taking on more work from existing customers as well as winning contracts from new clients. Motortransport.co.uk looks back at some of the highest value and longest contract wins of 2014.
Volkswagen has scaled back its IPO ambitions for its truck division Traton Group, which includes the brands MAN and Scania, and is now offering 15% of the company’s shares.
Government and local authorities have been urged not to “demonise diesel” but to develop a national framework instead to encourage the take up of modern, clean diesel trucks. The call came at a conference on air quality held by vehicle manufacturers’ association the SMMT.