DoorDash Seeks $2 Billion in Convertible Bond After Deal Spree
DoorDash Inc. is raising $2 billion from the sale of convertible bonds, less than a month after the US' largest food-delivery service announced a pair of sizable deals to expand its global footprint.
The company plans to use the proceeds of the five-year note offering for purposes including potential acquisitions and buybacks, as well as hedging transactions related to the deal, according to an announcement Tuesday. DoorDash agreed to buy London-based delivery operator Deliveroo Plc for about $3.9 billion and hospitality tech company SevenRooms Inc. for $1.2 billion, separate announcements on May 6 showed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Gemini Daily Horoscope Yahoo Life Astrology: June 08, 2025
You and business partners )or good friends if you work alone or aren't in charge) are getting along famously. Make the most of this energy by cementing deeper relationships with them. Improve your dating life and find 'the one' faster with your Weekly Finding Love Tarot Reading.
Yahoo
36 minutes ago
- Yahoo
These are the 3 most popular dividend stocks investors are buying in June
The London Stock Exchange is filled with dividend stocks and income opportunities. In fact, it's home to some of the most generous payouts in the world, with the FTSE 100 offering one of the highest dividend yields compared to other global stock market indices. That's terrific news for British investors seeking to build a lucrative passive income stream, especially since individual stocks from within the FTSE 100 offer even higher rewards. And looking at the most amount of money invested into UK shares on Hargreaves Lansdown's platform, three stocks in particular are getting a lot of attention right now: Glencore, Rio Tinto, and BP (LSE:BP.). Sadly, popularity doesn't automatically make a stock a good investment. So investors always need to dig a bit deeper to determine both the risks and potential rewards. Looking just at the dividend yield, the popularity of BP isn't hard to understand. The dividend stock currently offers an impressive 6.6% payout to shareholders. And if the current analyst forecasts prove accurate, the oil & gas giant's market-cap could also be due with a nice 11% bump over the next 12 months. Behind these attractive figures is a shift in strategy to slow its transition away from fossil fuels. Environmentalists are hardly pleased with this idea. However, investors are more welcoming of the change of course given the group's recent underperformance versus its peers. The realignment towards fossil fuels is paving the way for more robust profit margins protecting the group's dividend. And while the firm's still investing in renewable projects, the budget's been cut from $5bn to £2bn to free up unused excess cash flows and provide management with more financial flexibility. This means faster deleveraging of the balance sheet and potentially larger increases in shareholder payouts moving forward. Needless to say, improved financial health is a positive sign. And it's one of the leading reasons why sentiment from institutional analysts has improved significantly in 2025. As previously mentioned, BP's renewed focus on fossil fuels has seemingly gone down well with investors. But not all groups are happy about the decision. And it's possible BP could face regulatory backlash as we draw closer to Net Zero targets throughout the UK and Europe. This change in strategy also increases the revenue stream's sensitivity to fluctuating oil & gas prices. Such commodity exposure isn't a new threat to BP. But with trade wars, geopolitical conflicts, and production disputes among OPEC+ members, uncertainty is on the rise. Should the worse come to pass, the group's largely fixed costs will likely translate into thinner profit margins and lower free cash flow generation. And if this pressure becomes too much to bear, a dividend cut could emerge even with more profitable fossil fuel projects in its pipeline. All things considered, BP's current high yield is a reflection of the uncertainty and risk surrounding this business. It's a similar story for Glencore and Rio Tinto, both susceptible to similar threats in the metal markets. Therefore, despite the popularity of these dividend stocks, I think there are more promising, lower-risk income opportunities to explore elsewhere. The post These are the 3 most popular dividend stocks investors are buying in June appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Yahoo
36 minutes ago
- Yahoo
Want to turn a £20k ISA into a £1k second income overnight? Here's how
With so many dividend-paying companies to choose from, it's not difficult for UK investors to generate a second income in the stock market. And those fortunate enough to have £20,000 sat in their Stocks and Shares ISA can immediately start earning an extra £1,000 a year just by investing in 5%-yielding shares. And looking across the FTSE 350, there are quite a few businesses offering such potential. As of June, there are 66 stocks within the FTSE 350 offering a 5% or more level of payout. And this list includes some fairly big names such as HSBC at 5.5%, Aviva at 5.9%, and Imperial Brands (LSE:IMB) at 6.7%. Snapping up £20,000 worth of shares in any of these stocks would instantly start generating even more than £1,300 in passive income. However, just because a stock offers an attractive yield, that doesn't mean it's a guaranteed winning investment. Don't forget dividends can be cut at any time if the underlying business doesn't generate enough cash flow. As such, some due diligence is crucial before jumping in. With that in mind, let's zoom in on the highest-yielding enterprise on this list – Imperial Brands. High yields and tobacco companies aren't a new phenomenon. ESG investors actively avoid buying shares in these types of businesses, while many others are put off by the increasingly hostile regulatory landscape. As such, Imperial Brands, along with other companies like British American Tobacco, have long offered impressive levels of payouts for their shareholders. What's more, both businesses have long track records of steadily hiking their dividends over time. So far, that sounds fairly advantageous for those seeking a second income. Even more so, given management has recently reiterated its targets of growing its free cash flow to as high as £3bn to fund future dividends and share buybacks. However, while that certainly sounds encouraging, hitting this milestone is far from guaranteed. The firm's latest interim results were fairly lukewarm, with sales falling by 3.1% and operating profits sliding by 2.5%. While these figures were in line with market expectations, the announcement that CEO Stefan Bomhard is stepping down later this year came as a surprise to many. Despite only being in the role for five years, Bomhard's retiring and will be moving out of the corner office in October. Under his leadership, the company emerged from the pandemic and more than doubled its market cap. And although he's selected the current CFO Lukas Paravicini to succeed him, he has some pretty big shoes to fill. Undergoing a leadership transition while navigating through a tough regulatory environment and an ongoing rollout of new non-tobacco products is no easy feat. This risk's undoubtedly a big reason why the shares are down almost 10% since the announcement. So is this a stock worth considering for generating a second income right now? That all depends on personal risk tolerance. If Paravicini can continue to execute Bomhard's strategy successfully, then a lucrative income stream seems likely. But if he can't, the recent dip might be the start of another protracted decline in Imperial Brand's share price. Investors will have to mull over the possibilities to determine if the risk's worth the potential reward. The post Want to turn a £20k ISA into a £1k second income overnight? Here's how appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has recommended Imperial Brands Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
