Integrated shipping services firm Clarskson Plc saw its profit drop in the first half of 2018 after a challenging trading environment across the shipping and offshore capital markets. The UK-based firm reported a pre-tax profit of £18 million in H1 2018, down from £21.9 million in H1 2017. Revenue also fell to £152.6 million from £156.8 million in 2017. “The first quarter … [Read more...]
Shipbroker Clarkson’s Shares Tank on Profit Warning in ‘Challenging Environment’
Clarkson Plc's share price crashed Monday after the London-based shipbroker announced that profits for the year are now forecast to come in below expectations. Clarkson's blamed the "challenging environment" in shipping and offshore. The warning caused company's share price to tank nearly 30% before rebounding slightly on Monday. Clarkson's shares trade on the London … [Read more...]
UK Shipping Firm Clarkson Falls Victim to Cyber Attack
Nov 29 (Reuters) - British shipping services provider Clarkson Plc on Wednesday said it was the victim of a cyber security hack and warned that the person or persons behind the attack may release some data shortly. The company's disclosure, while a relatively rare event in Britain, follows a series of high-profile hacks in corporate America. Clarkson is one of the world's … [Read more...]
Clarksons Seeking $441 Million Acquisition of RS Platou
By Jonathan Saul LONDON, Nov 25 (Reuters) - Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally. The deal would be the latest in an industry which has suffered one of its worst-ever downturns in the past five years. … [Read more...]
Shipbroking M&A Heating Up – ICAP In Talks With Howe Robinson
By Naomi Christie Nov. 19 (Bloomberg) -- ICAP Plc said it’s in talks to combine its shipbroking unit with Howe Robinson Group Pte. Ltd. The newly formed company is set to be operating in next year’s second quarter, London-based ICAP, the world’s largest broker of transactions between banks, said today in a statement. The shipbroking unit has more than 230 workers … [Read more...]