180p offer 30% premium to undisturbed price Deliveroo listed in London at 390p per share in 2021 Rival Just Eat Takeaway also in process of being take over Food delivery business Deliveroo's (ROO) shares surged 24% in early London trading Monday (28 April) after the company said it has suspended its £100 million share buyback programme, just days after revealing it had received a takeover...

Stocks in London, Paris and Frankfurt were in the green on Monday morning, after a quiet weekend regarding the issue of tariffs, as senior BRICS diplomats are meeting in Brazil with a focus on US President Donald Trump's trade policies. 'The ministers are negotiating a declaration aimed at reaffirming the centrality and importance of the multilateral trading system,' Brazil's BRICS...

Despite a recent retrenchment Indian consumer stocks have still outpaced a buoyant wider domestic stock market over the medium term, supported by an emergent middle class in the country.On a three-year view the MSCI India Consumer Discretionary index has delivered an annualised return of 16.3% versus 11.1% for the MSCI India index.Car and motorcycle manufacturers dominate this part of the...

Shares jump 54% on all-cash takeoverDelivery Hero and Deliveroo shares gainFurther consolidation expectedEuropean food delivery giant Just Eat Takeaway.com (TKWY:AMS) saw its shares jump 53% after agreeing a €4.2 billion takeover by Dutch technology investor Prosus (PRX:AMS) pitched at €20.3 per share in cash.The proposed takeover, which has the unanimous backing of management,...

Quarterly index changes this weekThree new names to join FTSE 100Four new stocks to join FTSE 250This Wednesday, FTSE Russell ? part of the London Stock Exchange Group (LSEG) ? will announce the results of its latest quarterly index review.This includes potential changes to the FTSE 100, FTSE 250 and FTSE Small-Cap indices which will become effective from the start of trading on 23...

Recent changes to the UK's listing rules should lead to a host of new names joining the FTSE 100 and FTSE 250 indices in the new year, generating more interest in the UK stock market and putting more companies on the radar of investors.This matters to investors whether they own UK stocks directly, have exposure via actively-managed funds or simply track certain parts of the market through an...

Stocks in London ended lower on Thursday, though avoided deeper losses thanks to a better-than-expected US jobless claims reading.The FTSE 100 index ended down 21.91 points, 0.3%, at 8,144.97. It had been 1.3% lower earlier on Thursday, however.The FTSE 250 fell 67.45 points, 0.3%, at 20,508.58, and the AIM All-Share lost 2.11 points, 0.3%, at 765.21.The Cboe UK 100 ended down 0.2% at 813.12,...

On 17 July, Sir Keir Starmer's new Labour government announced its plans for the first year of the new parliament, with growth and wealth creation the priority.King Charles' speech at the State Opening of Parliament included a total of 39 bills under a new legislative agenda which includes speeding up the delivery of 'high-quality infrastructure and housing' and nationalising railway...

Adjusted EBITDA ahead of guidanceGrowth trend improved in H2Positive cash flow targeted for 2024Shares in Deliveroo (ROO) rose 2.6% to 117.5p after the takeaway company reported significantly narrowed losses and a welcome uptick in revenues in what the food delivery service dubbed a ?resilient year of growth given macroeconomic conditions?.The London-headquartered firm also flagged an improved...

It has been an up and down year for the UK stock market but some names have really shone over the course of the last 12 months. In this article we go through the market cap ranks to identify the best performing large-, mid- and small-cap stocks in 2023.£5 billion+ market capWhile Nvidia (NVDA:NASDAQ) has dominated headlines globally as excitement around AI (artificial intelligence) helped...

GTV expected to be lowerYear-to-date shares are up 66%Shu to introduce further ?growth drivers?Shares in Deliveroo (ROO) were marginally higher in morning trading despite lowering medium-term guidance for gross transaction value (GTV) growth to mid-teens from 20% to 25% previously. Deliveroo aims to reach an adjusted EBITDA (earnings before interest, tax, depreciation, and amortisation) margin...

We could potentially see changes to the FTSE 100 and FTSE 250 indices as a knock-on effect to proposals by the UK financial regulator to change the UK stock market listing rules.The Financial Conduct Authority wants to make it easier for companies to join the UK stock market by revamping the listing requirements. One of the proposals is for the London market's standard and premium segments to...

At 86.96p, Deliveroo's (ROO) share price is 78% below the level at which it joined the stock market in 2021. Competition has been fierce and the company is still not making a profit.The boom in ordering food online seen during the pandemic has started to fade away thanks to the cost-of- living crisis.Deliveroo realises it needs to do something and is now prioritising cost and operational...

Direct LineCan the insurer win back the market's support after dividend fiasco?Having paid out over £1.5 billion to shareholders in the last decade, including during the pandemic, Direct Line (DLG) was a well-liked and widely-owned stock.However, after dropping a bombshell in January with the news it was pulling its dividend in order to rebuild its balance sheet, Direct Line has a mountain to...

For years, UK-listed technology and biotechnology companies moaned about how they could get a higher valuation if their shares traded on the US market. Some added a secondary listing, others ditched the UK completely and parked their shares across the Atlantic. It was a trend that bubbled away, but not a mainstream activity.That's now changing after several larger companies across non-tech...

- Hits breakeven early, on adjusted basis- Margins moving in the right direction- Share price has lost 75% since August 2021A day after Just Eat Takeaway (JET) said its earnings were improving after having a sharper focus on profit, Deliveroo (ROO) rides up with a message that echoes much of that mood.The food delivery platform, founded by chief executive William Shu a decade ago, says its...

The UK market remains in turmoil as the aftershocks unleashed by the mini-Budget earthquake on 23 September continue to rumble.Despite the Government's U-turn on the 45% tax cut, investors are still wondering what will happen next with gilts, the pound and companies in their portfolio.In this article we look at some of the areas which might be most affected and discuss the stocks and sectors...

Covid cast a pall on many businesses but there were winners and food delivery drivers were among the lockdown heroes. I remember the unholy glee felt by the entire family when that insulated bag stuffed with cardboard cartons walked through the garden gate after what seemed like months of home cooked meals.Everyone seemed to get in on the action and the number of options available to order...

A healthy number of lesser-known businesses have done very well in share price terms since coming to market in the last two years, with price appreciation reflecting strong operational performances or the fact they sate voracious investor appetite for a particular theme.Readers will be familiar with high-profile post-pandemic newcomers on the London Stock Exchange (LSGE) trading above their...

Food delivery volumes more than doubled through the pandemic, yet profits remain elusive for many popular platforms, including Just Eat Takeaway (JET) and Deliveroo (ROO), following a wave of a new investment chasing an expanded addressable market.Data from Daxue Consulting and Bloomberg estimates the UK market was worth $6.7 billion in 2021, with $9.2 billion revenues across mainland...