Mar 10, 2021
Wagamama owner launches second equity fundraising of the pandemic
The company revealed a share placing and open offer priced at 100p apiece, a 10.5 per cent discount to Tuesday's closing price. Just Eat Takeaway said it expects to keep gaining market share in the UK after orders jumped 88 per cent in the first two months of 2021. Its full-year results showed revenue up by 54 per cent to €2.4bn. Adjusted ebitda was up 18 per cent at €256m, beating consensus forecasts, while net losses widened by 31 per cent to €190.1m on merger integration costs. Its annual results showed operating profit slipped 3 per cent to £2.2bn, with lower interest rates and mark-to-market adjustments resulting in its headline profit after tax falling 12 per cent to £1.6bn. Estate agent Foxtons said its financial performance has continued to improve into 2021, with group revenue for the first two months of the year "Well ahead" of 2020. The company posted a £1.9m operating profit for 2020 versus a £700,000 loss the year before in spite of revenue falling 12.5 per cent to £93.5m.Beyond the Square Mile.
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