Premarket London: Just Eat Rejects New Prosus Offer

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Premarket London: Just Eat Rejects New Prosus Offer
Credit: © Reuters. -- 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.

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