Latest news with #MichalAleksandrowicz
Yahoo
02-04-2025
- Business
- Yahoo
BDL says Prosus' offer for Just Eat Takeaway is unfair to minority shareholders
By Michal Aleksandrowicz (Reuters) -BDL Capital Management considers the price Prosus offered for Just Eat to be unfair to minority shareholders, the Paris-based asset manager said in a report on Tuesday. In late February, the Dutch technology investor agreed to buy Just Eat Takeaway for 20.3 euros per share to create a "European tech champion" of food delivery. The price should be 56.1 euros per share based on BDL's fair value calculation, it said in the report published on its website. BDL holds 2.04% in Just Eat Takeaway, according to LSEG data. This price was calculated by analysing enterprise value-to-gross transaction value (EV/GTV) and EV-to-EBITDA multiples in past Just Eat transactions, other transactions in the sector and for listed peers, BDL said. It also took into account Just Eat's 2025 guidance, its "intrinsic" value and possible synergies which it estimated at more than 100 million euros ($107.9 million) a year. "Just Eat believes that Prosus has made a compelling offer representing an attractive cash premium to Just Eat shareholders, as well as favourable non-financial terms and commitments in respect of deal certainty," Just Eat told Reuters via email. Prosus did not immediately respond to a request for comment. ($1 = 0.9266 euros) Sign in to access your portfolio
Zawya
21-03-2025
- Zawya
Air France cancels eight flights to and from Heathrow
French airline Air France cancelled eight flights to and from London Heathrow on Friday after a fire at a power sub-station shut down Europe's busiest airport. Flights to other UK airports are operating normally, Air France said. The group's Dutch airline KLM said it canceled three return flights. (Reporting by Michal Aleksandrowicz Additional reporting by Mateusz Rabiega Editing by Sudip Kar-Gupta and David Goodman )
Yahoo
04-03-2025
- Business
- Yahoo
Eutelsat almost triples its value on prospect of Ukraine replacing Starlink with OneWeb
By Gianluca Lo Nostro and Michal Aleksandrowicz (Reuters) -Shares in Eutelsat surged more than 60% on Tuesday, extending their gains after rising 68% a day before, as recent geopolitical developments raised the prospect of OneWeb satellites replacing Elon Musk's Starlink in Ukraine. The French satellite group's shares have almost tripled in value since Friday's close, after the clash between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump raised to question Starlink's future in Ukraine. "Shares are up on the prospect of switching the Ukrainian army's contract from Starlink to Eutelsat's OneWeb and overall on the fact that OneWeb is the best like-for-like alternative to Starlink," Stephane Beyazian, analyst at Oddo BHF, told Reuters. A White House official said anonymously on Monday that Trump would pause all military aid to Ukraine, paving the way for Europe to step up its efforts in supplying the country. The European Commission also proposed on Tuesday a 800 billion euro ($841 billion) defence plan for Europe. Eutelsat on Monday doubled down on its commitment to boosting Europe's satellite autonomy and providing internet access to Ukraine. "Yesterday's remarks by Eutelsat (they are committing additional satellite capacity to the region) highlights Eutelsat's importance for European defence capabilities," ING analyst Jan Frederik Slijkerman said. Until recently, the prospects of the European satellite industry were questioned due to strong U.S. competition, despite a strong commitment by the European Commission towards the planned IRIS² satellite constellation, Slijkerman added. Eutelsat has been struggling with keeping investors' confidence amid growing concerns over its debt and mounting competition from Space X's Starlink. In February, its shares dropped to all-time lows after it flagged more losses from its geostationary satellites. "Investors were heavily short on Eutelsat shares due to its heavy cash burn," Beyazian said. ($1 = 0.9510 euros) Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
US firms will aim to have inclusive environment despite DEI changes, Randstad CEO says
By Michal Aleksandrowicz and Johan BODINIER (Reuters) - The CEO of Dutch staffing giant Randstad said on Wednesday "the headlines are bleaker than the reality" as some U.S. companies change their diversity, equity and inclusion (DEI) policies targeted by President Donald Trump. Since taking office on Jan. 20, Trump has issued a series of executive orders aimed at scrapping DEI initiatives across the federal government and the private sector. Some of the largest businesses in the U.S., including Walt Disney and have reportedly responded to these efforts by changing their DEI programs and removing references to them in their annual reports. Randstad CEO Sander van't Noordende said companies were seeking to ensure their work environment was inclusive even as they move away from some initiatives deemed "problematic" in the light of the executive orders. "We see companies stay the course on making sure they have an inclusive work environment where people feel a sense of belonging. And why? Because it's good for business," he told Reuters following the publication of Randstad's fourth-quarter results. Trump's orders have been criticized by advocacy groups who say they might deepen inequities and undo decades of progress made to enshrine civil rights protections for marginalized groups. Sign in to access your portfolio
