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The Latest Breaking News from GXO

Potential Rate Cuts Could Benefit These Firms

With an interest rate cut finally likely, homebuilder stocks and logistics companies like BLDR, PHM, and GXO could benefit from a Fed move.

MarketBeat

GXO Logistics’ Top 10 Unusually Active Put Option: Bear Put or Bull Put Spread?

In Thursday’s trading, there were 1,263 unusually active options, with calls outnumbering puts. One of the top 10 was a GXO Logistics put. The only question is whether it sets up for a bear or bull put spread.

Barchart

GXO Logistics: Time to Buy the Dip for the Rip in 2025

GXO Logistics stock plunged after rejecting buyout offers and announcing CEO Malcolm Wilson's retirement. Analysts still see potential upside for GXO stock.

MarketBeat

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Wincanton backs £762m takeover offer from US group GXO

UK haulage firm employs 20,000 people and customers include Asda, Sainsbury’s and Waitrose

The Guardian - UK

Wilko suspends home deliveries as it holds talks on rescue deal

Budget retailer and adviser PwC have until Monday to find new funding

The Guardian - UK

Job losses as ASDA moves business away from supply giant GXO's Ollerton depot

Logistics giant GXO started a collective consultation with staff at its facility on Cocking Hill, Ollerton in March, after retailer ASDA informed the company it preferred to be serviced by a different site

Nottingham Post

Hundreds of jobs at risk at Welsh Iceland depot

Around 240 people currently work at the Deeside depot

Wales Online

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More than 200 jobs under threat at Iceland distribution centre

The depot in Flintshire is operated for Iceland by logistics firm GXO

Birmingham Post

Tory donor's firm paid £11m to deliver PPE now gets £4.5m of taxpayer money to DESTROY it

Clipper Logistics is being paid £4.5million to dispose of Covid kit bought at inflated prices by the Tories but found to be useless. Gowns, goggles and surgical gloves will be incinerated

Daily Mirror

US logistics giant opens warehouse at Devon business park

Connecticut-headquartered GXO is one of the world's largest logistics providers

Birmingham Post

Pub offering selection of beer and wine for just 66p pints to celebrate World Cup start

The ZYN Arms pop-up will open on Monday, November 21 and will be open for the following two days, from 12.30pm to 10pm

Daily Mirror

Fears pubs could run out of beer during autumn internationals and World Cup due to strikes

Strikes scheduled during the rugby autumn internationals are expected to haver an impact on stock

Wales Online

Britain's pubs face beer drought during World Cup due to strikes over pay

Unions have issued a bitter warning of a draught drought ahead a round of walkouts over pay by drivers working for logistics giant GXO

Daily Mirror

UK beer delivery drivers to strike as low supplies could hit pubs during World Cup

GXO drivers deliver about 40 per cent of UK’s beer to pubs

The Independent UK

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The Guardian - UK

A basic football essential of gathering to abuse a gigantic LED screen

In today’s Fiver: A possible HRWC beer shortage. Plus cryptowibble and more

Evening Standard

Thousands of London pubs could run out of beer as GXO Logistics workers go on strike

It’s the latest blow for the beer and pub industry after chancellor Jeremy Hunt reversed a planned freeze in the rate of alcohol duty

The Guardian - UK

UK pubs may face beer shortage before World Cup amid drivers’ strike

Drivers with GXO Logistics, which makes 40% of beer deliveries, to strike over pay and job cuts

Birmingham Post

Logistics firm GXO set to create 11,000 jobs in UK

Warehouse giant adding 22,000 jobs worldwide

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Wales Online

Beer delivery workers to vote on strike action over Christmas and World Cup

Potential walkouts would affect beer supplies to pubs and venues supplied by major breweries

Wales Online

Beer drought could be on the way for UK drinkers

Delivery drivers who supply beer across the country may take strike action next month

Benzinga

GXO Logistics Continues To Write New Chapters In Its Evolving Story

On Oct. 12, 2021, GXO Logistics Chief Investment Officer Mark Manduca laid out the argument for why the Greenwich, Connecticut-based firm represented a new breed of logistics company."This is a hard business to wrap your head around. There is no company out there that is scalable contract logistics," he told…

The Guardian - UK

Missguided collapse could leave thousands of customers out of pocket

Deliveries of orders not guaranteed while administrators unlikely to honour refund requests from before they were called in

Birmingham Post

Co-op drivers suspend strike plans after new pay offer

Union members will not be balloted on the new pay deal

Benzinga

EXCLUSIVE: GXO Logistics CIO Provides Update On Global Supply Chain Challenges

U.S. consumers are showing resilience in the face of high inflation, according to retail sales numbers from Tuesday morning, which came in higher month-over-month.

StockNews.com

Should You Buy GXO Logistics on the Dip?

GXO Logistics (GXO) is making development headway and expects a promising 2022. However, the company is likely to suffer from COVID-19-related lockdowns and a rise in crude oil prices. So, let’s find out if it is wise to buy the dip in the stock now. Read on.

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