Daily Stock Market Report (Fri 10 Jan 2025) - SHI, Fast Retailing, APH, ANP, CKN, SBRY
Good morning! We have another takeover offer to round out the week, this time for Alliance Pharma.
1pm: this report is finished! Have a great weekend, and keep an eye out for our weekly podcast!
Spreadsheet accompanying this report (updated to 3/1/2025).
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)J Sainsbury (LON:SBRY) (£6.6bn)TUQ3 LfLs +2.8%. Won market share. FY25 adj. operating profit to be in line (£1,010-1,060m).AMBER/GREEN (Graham)Clarkson (LON:CKN) (£1.2bn)TUResults for FY Dec 2024 to be slightly ahead of expectations, adj. PBT not less than £115m.AMBER/RED (Graham)Glenveagh Properties (LON:GLV) (£704m)Full Year TURev +43% (€869m), EPS +112%. “Positioned for further growth in 2025”, favourable mkt conditionsTeam Internet (LON:TIG) (£297m)Statement of intention not to make an offerOne of the possible buyers pulls out of the race.PINKAlliance Pharma (LON:APH) (£240m)Recommended acquisition of APH62.5p in cash, 41% premium to yesterday’s close.PINK (Graham)De La Rue (LON:DLAR) (£218m)Receives takeover offer (per Sky News)According to Sky News there is a “full cash offer” at 125p. A partial cash offer was proposed in Oct.PINKAnpario (LON:ANP) (£75m)Full year TUStronger than expected H2...