stay shares, information, information and earnings

Deliveroo shares shot up over 16%, hitting their highest degree since January 2022, after the meals supply agency suspended a share buyback following a $3.6 billion provide from U.S. agency DoorDash.

“The Firm publicizes that additional to its announcement on 25 April 2025 that the Firm had acquired an indicative proposal from DoorDash, Inc concerning a doable money provide for your complete issued peculiar share capital of the Firm, the Firm has suspended with quick impact, the £100 million Buyback Programme that was introduced on 18 March 2025,” Deliveroo stated in a press release.

 “Any recommencement of the Buyback Programme shall be introduced to the market.”

By 8:17 a.m. London time, the shares had been 16.58% increased.

Shares of Traton, the truck- and bus-maker majority owned by Germany’s Volkswagen, popped 4.3% in morning offers after the corporate reported decrease quarterly gross sales however a rising order e book.

Traton’s gross sales income within the first quarter declined 10% yr on yr to 646 million euros ($732.8 million), whereas incoming orders rose 12% to 74,300 autos.

Truck gross sales within the U.S. fell, which it attributed to “cautious consumers in an unsure financial atmosphere.”

The corporate stated it “received off to a sluggish begin to 2025, but expects an improved enterprise efficiency within the second half of the yr resulting from a renewed improve in incoming orders.” It additionally reaffirmed its full-year outlook.

Analysts at Citi stated in a be aware that with most figures having been pre-released, orders stood out positively and had been stronger in Europe than reported by Volvo final week.

— Jenni Reid

Europe’s Stoxx 600 index opened 0.5% increased on Monday, persevering with momentum from the final two weeks.

France’s CAC 40 jumped 0.54%, whereas the U.Ok.’s FTSE 100 and Germany’s DAX had been 0.4% and 0.3% increased, respectively.

Italian lender Mediobanca on Monday made a public 6.3 billion euro ($7.17 billion) provide to purchase home peer Banca Generali because it seeks to spice up its wealth administration operations.

Mediobanca, itself the takeover goal of Banca Monte dei Paschi di Siena amid a broader wave of tried consolidation amongst Italian lenders, seeks to pay for the acquisition by swapping its shares of Italian insurer Assicurazione Generali, the mum or dad of Banca Generali with a 50.17% holding.

The proposal units an trade ratio of 1.7 Assicurazioni Generali shares, ex-dividend, for every Banca Generali share, based mostly on the costs of April 25. The bid implies a proposal value of 54.17 euro per share, or a roughly 11% premium from Mediobanca’s newest shut.

The deal, which might generate 300 million euros in synergies, will create “a market chief, rating second in Italy by belongings (TFAs of €210bn) and distribution community (approx. 3,700 professionals),” Mediobanca stated.

Usually a rarity within the languishing European banking sector, hostile takeovers have taken Italy’s lenders by storm, with UniCredit, Monte dei Paschi and now Mediobanca launching consolidation affords domestically and overseas for the reason that second half of final yr.

It comes as European banks wrestle to maintain tempo with their transatlantic friends, with analysts pointing to mergers as a possible avenue to realize footing.

— Ruxandra Iordache

Airbus on Monday introduced it had finalized a deal to tackle a batch of belongings from struggling U.S. provider Spirit AeroSystems, largely associated to European manufacturing of its personal industrial plane.

The Toulouse, France-based planemaker final yr agreed to tackle components of Spirit’s operations, whereas the broader firm is being reintegrated into former mum or dad firm Boeing in a $4.7 billion inventory deal.

Airbus will take possession of websites in Kinston, North Carolina, in St. Nazaire, France and in Casablanca, Morocco, which make components of its A350, A321 and A220 plane.

It can additionally take over manufacturing of A220 pylons in Wichita, Kansas, A220 wings in Belfast, Northern Eire, and wing elements for A320s and A350s in Prestwick, Scotland.

Spirit’s Europe-focused operations are at present loss-making, in line with Reuters.

Airbus shall be compensated with $439 million by Spirit topic to changes, the corporate stated, whereas Airbus has entered right into a memorandum of settlement to offer Spirit with $200 million in non-interest bearing traces of credit score.

European markets are anticipated to begin the brand new buying and selling week in constructive territory on Monday.

The U.Ok.’s FTSE 100 index is predicted to open 115 factors increased at 8,430, Germany’s DAX up 26 factors at 22,266, France’s CAC 16 factors increased at 7,553 and Italy’s FTSE MIB 77 factors increased at 36,955, in line with information from IG.

Earnings are due from Porsche, Schneider Electrical and Deutsche Boerse. Knowledge releases embody the newest French and Spanish unemployment figures.

— Holly Ellyatt