Latest news with #LDO
Business Recorder
4 days ago
- Business
- Business Recorder
HSD price cut by Rs12.84
ISLAMABAD: On the evening of Friday, the federal government announced a decrease in the price of most petroleum products for the next two weeks. The price of petrol remains the same at Rs 264.61 per litre, but other fuel will be cheaper starting August 16 to August 31. The new prices are as follows: High-Speed Diesel (HSD): The price has been reduced by Rs 12.84 per litre, from Rs 285.83 to Rs 272.99. Superior Kerosene Oil (SKO): The price has been reduced by Rs 7.19 per litre, from Rs 185.46 to Rs 178.27. Light Diesel Oil (LDO): The price has been reduced by Rs 8.20 per litre, from Rs 170.36 to Rs 162.37. This price reduction comes after a drop in international crude oil prices over the last two weeks. US crude oil prices fell by $5.71 per barrel, from $69.26 to $63.48, while Brent crude dropped by $5.72 per barrel, from $71.70 to $65.98. In last review on August 1, 2025, Petroleum levy was fixed at Rs78.02 on petrol and Rs77.01 on HSD. In addition to the revised petroleum levy, a climate support levy of Rs2.50 per litre remains in place on both petrol and diesel, adding to the overall cost burden on consumers. Copyright Business Recorder, 2025
Toronto Star
30-07-2025
- Automotive
- Toronto Star
Iveco Group announces agreement to sell Defence Business to Leonardo
Iveco Group announces agreement to sell Defence Business to Leonardo Transaction creates Italy-based European land defence champion Turin, 30 th July 2025. Iveco Group N.V. (EXM: IVG) announces the signing of a definitive agreement to sell its Defence Business (IDV and ASTRA brands), to Leonardo S.p.A. (BIT: LDO), a leading European defence and security company, for an enterprise value of €1.7 billion. The transaction will create an Italy-based, European champion in the land defence segment with the scale and capabilities also to compete at a global level. On 7th February 2025, Iveco Group announced that it would separate its Defence Business from its commercial vehicles business in order to provide both with greater focus and strategic flexibility. The landmark transaction announced today means that the employees of IDV and ASTRA will become an integral part of a significantly larger business, that will be better able to invest and compete in a segment whose strategic importance is paramount. By combining IDV and ASTRA's mobility solutions and protected platforms with Leonardo's advanced systems, the partnership will deliver full-spectrum, land defence capabilities for Italy, Europe and at a global level. The transaction is expected to be complete no later than 31st March 2026, subject to customary regulatory approvals and carve-out completion. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. ARTICLE CONTINUES BELOW Olof Persson, CEO of Iveco Group, commented: 'This agreement propels Iveco Group's Defence Business into its proper dimension as a key contributor alongside Leonardo in the creation of a focused, world-class player in land defence activities. Our colleagues in the Defence Business will become part of a group with the scale and integrated capabilities to compete on all levels and for all platforms, with all the positive potential for innovation and continuous development.' In the context of the transaction, Goldman Sachs Bank Europe SE, Succursale Italia acted as financial advisor and Freshfields acted as legal advisor to Iveco Group. Iveco Group Defence Business: Iveco Defence Vehicles (IDV) and ASTRA are leading providers of military mobility, protection capability, uncrewed applications and purpose-built vehicles, with a portfolio spanning armoured, amphibious, trucks and multirole vehicles. With 6 production sites and 9 commercial offices globally, Iveco Group Defence Business generated revenues of €1.1 billion in 2024. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The seven brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs 36,000 people around the world and has 19 industrial sites and 30 R&D centres. Further information is available on the Company's website Media Contacts: Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ Investor Relations: Federico Donati, Tel: +39 011 0073539 E-mail: Attachment 20250730_PR_Iveco_Group_agreement_to_sell_Defence_Business_to_Leonardo
Fashion Network
16-06-2025
- Business
- Fashion Network
Crocs to open its first London outlet store this year
Crocs will enter the outlet sector in London for the first time this year having signed a five-year lease for a 1,456 sq ft unit at Wembley Park's London Designer Outlet. LDO has attracted a raft of big names in recent periods with the latest openings including French Connection, Rituals and Miniso. The premium fashion and lifestyle outlet destination will be home to Crocs adults' and kids' lines, as well as a wide variety of the popular Jibbitz charms that personalise individual shoes. LDO is a popular shopping destination, and like others in the booming outlet sector, has seen strong spend from 'a diverse, brand-savvy shopper and affluent shopper, keen to access quality, premium brands at an affordable price'. It also said that shoppers under the age of 44 made up over half of LDO's total spend during the past year, and the aforementioned brands that have opened there have a particular appeal for this demographic. Matt Slade, Retail Director at Quintain (the property investment and development business behind Wembley Park as a whole), said: 'Crocs is a globally recognised brand that taps into the huge footwear trend among the dynamic, young and brand-savvy shopper demographic that we see here. LDO sits immediately within the buzz of London's fast-growing, vibrant new neighbourhood with a diverse multi-generational audience and international students on the Wembley Park doorstep, while enjoying year-round high footfall driven by its iconic location next to the Wembley Stadium and excellent connectivity with London and commuter hubs. 'As a must-have and innovative brand, Crocs strengthens our position as London's haven for shoppers seeking on-trend, premium footwear and trainers at affordable prices.' The Wembley Park district sees footfall of 16.4 million a year made up of residents, office workers, day visitors and event-goers. As part of this, LDO attracts a big chunk of that footfall. Managed by Multi-Realm, it has 70 outlet stores, restaurants, and coffee shops across 265,000 sq ft of retail and leisure space.
Fashion Network
16-06-2025
- Business
- Fashion Network
Crocs to open its first London outlet store this year
Crocs will enter the outlet sector in London for the first time this year having signed a five-year lease for a 1,456 sq ft unit at Wembley Park's London Designer Outlet. LDO has attracted a raft of big names in recent periods with the latest openings including French Connection, Rituals and Miniso. The premium fashion and lifestyle outlet destination will be home to Crocs adults' and kids' lines, as well as a wide variety of the popular Jibbitz charms that personalise individual shoes. LDO is a popular shopping destination, and like others in the booming outlet sector, has seen strong spend from 'a diverse, brand-savvy shopper and affluent shopper, keen to access quality, premium brands at an affordable price'. It also said that shoppers under the age of 44 made up over half of LDO's total spend during the past year, and the aforementioned brands that have opened there have a particular appeal for this demographic. Matt Slade, Retail Director at Quintain (the property investment and development business behind Wembley Park as a whole), said: 'Crocs is a globally recognised brand that taps into the huge footwear trend among the dynamic, young and brand-savvy shopper demographic that we see here. LDO sits immediately within the buzz of London's fast-growing, vibrant new neighbourhood with a diverse multi-generational audience and international students on the Wembley Park doorstep, while enjoying year-round high footfall driven by its iconic location next to the Wembley Stadium and excellent connectivity with London and commuter hubs. 'As a must-have and innovative brand, Crocs strengthens our position as London's haven for shoppers seeking on-trend, premium footwear and trainers at affordable prices.' The Wembley Park district sees footfall of 16.4 million a year made up of residents, office workers, day visitors and event-goers. As part of this, LDO attracts a big chunk of that footfall. Managed by Multi-Realm, it has 70 outlet stores, restaurants, and coffee shops across 265,000 sq ft of retail and leisure space.
Fashion Network
16-06-2025
- Business
- Fashion Network
Crocs to open its first London outlet store this year
Crocs will enter the outlet sector in London for the first time this year having signed a five-year lease for a 1,456 sq ft unit at Wembley Park's London Designer Outlet. LDO has attracted a raft of big names in recent periods with the latest openings including French Connection, Rituals and Miniso. The premium fashion and lifestyle outlet destination will be home to Crocs adults' and kids' lines, as well as a wide variety of the popular Jibbitz charms that personalise individual shoes. LDO is a popular shopping destination, and like others in the booming outlet sector, has seen strong spend from 'a diverse, brand-savvy shopper and affluent shopper, keen to access quality, premium brands at an affordable price'. It also said that shoppers under the age of 44 made up over half of LDO's total spend during the past year, and the aforementioned brands that have opened there have a particular appeal for this demographic. Matt Slade, Retail Director at Quintain (the property investment and development business behind Wembley Park as a whole), said: 'Crocs is a globally recognised brand that taps into the huge footwear trend among the dynamic, young and brand-savvy shopper demographic that we see here. LDO sits immediately within the buzz of London's fast-growing, vibrant new neighbourhood with a diverse multi-generational audience and international students on the Wembley Park doorstep, while enjoying year-round high footfall driven by its iconic location next to the Wembley Stadium and excellent connectivity with London and commuter hubs. 'As a must-have and innovative brand, Crocs strengthens our position as London's haven for shoppers seeking on-trend, premium footwear and trainers at affordable prices.' The Wembley Park district sees footfall of 16.4 million a year made up of residents, office workers, day visitors and event-goers. As part of this, LDO attracts a big chunk of that footfall. Managed by Multi-Realm, it has 70 outlet stores, restaurants, and coffee shops across 265,000 sq ft of retail and leisure space.
