Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Premarket London: Just Eat Rejects New Prosus Offer

Published 12/10/2019, 02:17 AM
Updated 12/10/2019, 02:22 AM
© Reuters.

Investing.com -- Here is a summary of the most important regulatory news releases on Tuesday, 10th December. Please refresh for updates.

  • The board of food app Just Eat (LON:JE) rejected the new 740p cash offer from Internet conglomerate Prosus (AS:PRX), saying that it still undervalues the company.

  • It continues to recommend the competing, all-share offer from Dutch-based Takeaway.Com (AS:TKWY).

  • Just Eat shares closed on Monday at 781p.
  • Plant hire group Ashtead (LON:AHT) raised its interim dividend to 7.15p a share after the first half of its fiscal year ending in April but warned that currency headwinds and “challenging” U.K. trading conditions may hold back earnings in the second half.

    It said it would take measures to refocus it’s A-Plant business in the U.K. but didn’t say what costs that might entail.

    The group’s main business in the U.S. continues to perform strongly in line with expectations, it added.

    Underlying earnings per share rose 11% to 111.8p on a 14% rise in revenue.

  • Fashion group Ted Baker (LON:TED) said its chief executive officer and chairman have stepped down, and suspended its dividend after lowering its full-year outlook again.
  • The news comes less than a week after the company warned of a possible restatement of its accounts after saying it may have overstated inventory by up 25 million pounds ($32 million).
  • Chief Financial Officer, Rachel Osborne, becomes interim CEO.
  • Sharon Baylay has replaced chairman David Bernstein, also on an interim basis.
  • 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    • Warehouse builder Segro (LON:SGRO) said it has agreed to sell a portfolio of Big Box warehouses to a fund advised by Morgan Stanley (NYSE:MS) Real Estate Investing for 241 million pounds. The price is in line with the recorded book value.
    • Most of the warehouses involved are in the English Midlands. The combined vacancy rate is 18.5 and the current passing rent is 10.1 million pounds.
    • The proceeds will be recycled into existing and future development programs, chief investment officer Phil Redding said.

    Latest comments

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.