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).
- 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.
- 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.
- 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.