Shares in the food delivery company Deliveroo bounced higher this morning after the market responded to takeover news. A note issued after the close on Friday saw management confirm that Door Dash had made an indicative proposal to buy out the company with an all cash offer of 180p per share. Whilst there can be no certainty that a firm offer will follow, the Deliveroo board noted they would be minded to accept such a deal, equating to a 25% premium to Friday’s closing price. The Deliveroo share price was up 16% in early trade.
Online trading company Plus 500 published a Q1 trading update this morning which proved to be something of a mixed bag, Whilst average customer deposits more than doubled, the company saw the number of new clients onboarded fall by 25% against the final quarter of 2024. Revenues, EBITDA and margin metrics all posted meaningful gains, whilst the company also noted the strength of its recently launched US futures business. The early market reaction was some marked selling pushing the Plus 500 share price down by as much as 3% but losses proved to be short lived.
Fintech Supply@Me advised the market this morning that it would miss its 30th April deadline to file full year accounts. As such, the shares will be suspended from the 1st of May. Further details are thin on the ground, but the company has seen some issues in recent weeks with regard to funding and also changed its auditor in mid-February. The Supply@Me share price fell as much as 30% shortly after the open before recovering some of the losses.
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