Deliveroo, reliance, Toyota, Novavax and M&S

The shares of the Food Delivery Giant Deliveroo rose by 17%on Monday at the beginning of trade in London after the US rival Doorash (Dash) had a takeover approach.

The offer, which was announced on Friday evening, looks at Doordash to acquire Deliveroo for about $ 3.6 billion (2.7 billion GBP). However, the company informed investors on Friday that “there is no certainty that a company offer is made for Deliveroo”.

“At this point, the shareholders are recommended not to take any measures in relation to the possible offer,” said the company in a statement.

According to the city's takeover regulations, Doordash has a fixed offer on May 23 to 5:00 p.m.

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According to the news, Deliveroo's share price rose to 170 pence this morning. The company also announced that it would suspend its GBP of 100 million GBP 100 million in view of the potential acquisition.

Deliveroo, which offers 7.1 million active users in Great Britain from 2024, has to struggle with profitability. Although in 2024 it achieved its first annual profit in front of taxes, 12.2 million GBP for income of 2.07 billion GBP-ES has mainly been lost since its foundation.

A successful takeover would be a significant windfall for the founder of Deliveroo, Shu wants to hold 5.9% in the company. If the deal goes through, Shu could immerse yourself £ 172 million.

The stocks of India's reliance industries rose by 5%on Monday when investors reacted positively to the company's quarterly win, which is due to robust services in their telecommunications and retail stores.

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The increase prompted the analysts to improve their prospects for the stock after months of underperformance.

Last year, the conglomerate led by Mukesh Ambanian was left behind the India's benchmark Nifty 50 index, with analysts from Jefferies attributing the sub-performance of concerns about slowing down in his retail segment. However, the recent quarterly results of the company – especially a profit – have triggered optimism that the sheet turns.

Analysts see that the trend is changing after reliance has defeated the fourth quarter of the profit estimates that have largely increased by the retail and telecommunications units.

“The inventory evaluation has become attractive,” said Antique Broking in a note registered for the first time in Reuters. “In the next 12 to 15 months, the telecommunications prospects are robust with a strong subscriber growth and another round of tariff hikes.”

Of the 32 analysts that covered the trust, at least 13 increased their price goals, while 12 their ratings were upgraded, according to LSEG. Reliance is still the third highest stock of the notedy.

The shares of the Toyota Industries Corp. climbed on Monday after the daily limit and increased by 23%when investors tried, the effects of a proposal of the Toyota Motor Corp. -Chairman Akio Toyoda to expand to buy the company.

Toyota Industries, founded by the great -grandfather of Toyoda, has determined his inclusion of equity after the company has formed a special committee and commissioned a consultant to check the proposed purchase of 6 trillion yen (USD 31.5 billion/42 billion USD).

When it comes to it, the Buyout Toyota Industries, the manufacturer of automotive and industrial plants, would take privately and mark a courageous step of Toyoda in order to continue consolidating control over the Toyota engine, the world's largest automobile manufacturer. The proposal is also seen as an effort to optimize the complex governance structure of the Toyota group, which includes a huge network of interconnected subsidiaries, suppliers and partner automobile manufacturers.

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Akio Toyoda, who is considering investing his personal means to lead the buyout, has reportedly secured the financing of the three largest banks in Japan to facilitate the deal.

Although Toyota Industries served as the chairman of Toyota Motor, the personal participation of Toyoda is less than 1%.

The shares in Novavax declined by 2.7% in the retail on Monday and extended a slump in almost 6% on Friday after the US federal supervisory authorities had asked for the pharmaceutical company to carry out an additional clinical trial for its COVID 199 vaccine. This happened after a delay in the approval process.

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The US Food and Drug Administration (FDA) has asked Maryland to demonstrate the effectiveness of its vaccine by another study. According to the Wall Street Journal, this intervention came into the approval process after the representatives under the secretary for health and human services, Robert F. F. Kennedy Jr..

In response to this, Novavax found that the FDA's PMC request (Post Marketing Engagement) and is now waiting for feedback from the agency.

The vaccine manufacturer said that his application remains “agreed” and that it endeavors to “move” as soon as possible “in the direction of admission, even though he did not provide any further details.

The FDA's request for new data could offer Novavax the opportunity to negotiate for a smaller, less costly study that may only require a few million dollars, the newspaper reported.

Marks & Spencer (M&S) leads the FTSE 100 (^ftse) faults this morning, whereby the shares fell by 2.7% to 375 pence, since the company continues to meet the failure of a cyber attack that has disturbed its business.

The difficulties of the retailer began last week on Easter Monday when a cyber incident influenced contactless payments and click and collecting orders in the British shops. On Friday, M&S stopped all orders via his website and apps and asked customers to visit physical business instead.

The company announced the attack on Tuesday and recognized that it had caused widespread problems, especially when fulfilling online orders and in business in business. The M&S shares have dropped by more than 8% since the first attack, after the attack was closed at 411p before Easter.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said that the suspension of online orders will be very harmful to sales.

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She said: “Marks and Spencer's most recent success were partly due to how it was so efficient to manage its multi-channel operations with Click and Collect services particularly popular.

“It reduced the business of the business and focused on smaller grocery stores in which customers can buy and pick up products purchased online. These simple purchases and delivery has been increased. Although business is open, many simply do not store the popular areas from online.

“Fashion sales are likely to have a great success, especially since the attack came during the warm weather if the summer areas would normally occur in virtual baskets. While other retailers were not immune to IT violations, the depth of markings and spencers have to be concerned about solving the problem, and it can take some time to win back a few more warning charges.” “

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