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TKWY - Just Eat Takeaway.com NV News Story

€90.5 0.7  0.7%

Last Trade - 4:36pm

Large Cap
Market Cap £4.60bn
Enterprise Value £4.79bn
Revenue £348.2m
Position in Universe 118th / 864

LIVE MARKETS-On our radar: Bayer, Takeaway, Just Eat, Nokian Tyres

Fri 24th January, 2020 7:54am
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your
thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net
    Futures point to a higher open for European bourses this morning after the World Health
Organisation labelled the coronavirus outbreak an emergency for China, but not, as yet for the
rest of the world.
    The big focus today will be on corporate news. Shares in Bayer are up 6.3% in premarket on
report about a possible 10 billion dollars glyphosate settlement.  urn:newsml:reuters.com:*:nS8N29K08T
    In the UK, competition watchdog will probe Takeaway.com's  TKWY.AS  buyout of Just Eat
 JE.L , possibly delaying completion of the multi-billion dollar deal.
    Meanwhile in corporate results, Remy Cointreau  RCOP.PA  is seen down 5% by traders after it
posted a worse-than-expected 11.3% fall in Q3 like-for-like revenues, as demand for cognac in
Hong Kong was hit by protests.  urn:newsml:reuters.com:*:nL8N29Q5KV
    Tyre makers, such as Pirelli  PIRC.MI  and Michelin  MICP.PA , could come under pressure
after Nokian Tyres  TYRES.HE  is seen opening 7% lower on dismal 2020 outlook.  urn:newsml:reuters.com:*:nFWN29S0U6
    Ericsson  ERICb.ST  is also seen down after it reported Q4 core profit hit by slowdown in
U.S. business and higher costs  urn:newsml:reuters.com:*:nL8N29T0NR and it could push down Nokia  NOKIA.HE . 
    More headlines to digest:
    Axel Springer plans delisting from Frankfurt stock exchange  urn:newsml:reuters.com:*:nL8N29S7DT
    Givaudan FY sales and profit up 6%, confirms guidance  urn:newsml:reuters.com:*:nL8N29T0IX
    Helvetia buys majority stake in Spain's Caser for 780 mln euros  urn:newsml:reuters.com:*:nL8N29T0O7
    (Joice Alves)
    European bourses are expected to open higher this Friday as markets steadied overnight, as
investors took some solace from the World Health Organisation labelling the coronavirus outbreak
an emergency for China, where 25 people have died and at least 800 have been infected, but not,
as yet, for the rest of the world.  urn:newsml:reuters.com:*:nL4N29T040
    Meantime, Asian shares held their ground as trade slowed for a week-long holiday for the
Lunar New Year, despite investors fears that the coronavirus could spread faster as people
travel for the holidays. 
    Back in Europe, financial spreadbetters at IG expect London's FTSE to open 44 points higher
at 7,552, Frankfurt's DAX to open 110 points higher at 13,498 and Paris' CAC to open 46 points
higher at 6,018.
    It is also a slightly busy day for earnings with companies like Ericsson  ERICb.ST  and
Givaudan  GIVN.S  announcing results. 
    Investors will also be watching the UK and the euro zone PMI figues, both expected to be
released this morning. 
    (Joice Alves)

 (Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)
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