Ted Baker is now not fascinating, Biff is







Why did he go upstairs? Why down? Here are some explanations of the unusual variations that affect events on the day. Only when they are reliable and documented: do we avoid telling nonsense as much as possible. Variations are accepted at the time of writing.

Rising

  • Biffa (+ 27.3%): The British waste management specialist received a takeover bid from Energy Capital Partners for 445 GBp per share. The unsolicited offer puts the company at £ 1.36 billion, a premium of 36% on the previous day’s share price. Management says it is ready to support it if the investor confirms it.
  • Global Bioenergies (+ 12.4%): A small French company that develops cosmetic ingredients from biological sources has signed the first contracts with manufacturers (including L’Oréal). “This is the main message for the company and the first step on its way to becoming a manufacturer of key ingredients for the cosmetics industry.“, Emphasizes Kepler Cheuvreux, a buyer for EUR 8.40.
  • SGL Carbon (+ 10.1%): The German group announced this morning that the forecasts for the financial year 2022 will be exceeded. Adjusted EBITDA is expected to reach EUR 130-150 million during the year, compared to previous forecasts of EUR 110-130 million. ROCE will also be higher than targets.
  • CGG (+ 7.4%): Société Générale is moving from holding to purchasing, with a target of EUR 1.50.
  • Repsol (+ 3.5%): Spain’s Repsol is preliminarily negotiating the sale of part of its oil and gas business to EIG Global Energy Partners, three knowledgeable sources have told Reuters.

Falling

  • Ted Baker (-17.5%): Bad news: The British fashion brand indicated this morning that its main suitor was no longer willing to buy it. Management will consider further informal proposals, but there is no guarantee that a final bid will be submitted.
  • SAS AB (-13.6%): The Swedish government has decided not to invest new capital in the fighting airline and not to be a long-term shareholder of the company. Stockholm has already spent a decade of SEK 8.2 billion ($ 834 million) in a decade to keep the carrier afloat.
  • Casino (-5.5%): The group is trying to find a buyer for its renewable energy subsidiary GreenYellow, according to BFM Business. The already mentioned suitors such as Engie, TotalEnergies, Neoen or Spie would no longer follow. However, Agefi understands that the group has three bids of around 1.5 billion euros.
  • Interroll (-4.1%): Credit Suisse remains neutral with the price target reduced from 3356 to 2990 CHF. There is no short-term operational renewal and orders are running low, the design office emphasizes.
  • JD Sports (-4.4%): UK retail sales fell 1.5% in May as the cost-of-living crisis dampened demand, according to the British Retail Consortium. further Berenberg remains for a long time with the price target reduced from 285 to 200 GBp.
  • Adyen (-3.5%): Adyen is suffering from Apple’s foray into the Fintech market with a “Buy Now, Pay Later” solution added to Apple Pay.

Zonebourse.com 2022

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