Saturday, 16 Nov 2024

Just Eat Takeaway.com H1 Loss Widens, Revenues Climb; Backs Outlook

Pre-market Movers: DYNT, ARCT, BHTG, MILE, SDC…

The following are some of the stocks making big moves in Tuesday’s pre-market trading (as of 5.25 A.M. EDT).

In the Green

Dynatronics Corporation (DYNT) is up over 36% at $1.78

Arcturus Therapeutics Holdings Inc. (ARCT) is up over 36% at $65.95

BioHiTech Global, Inc. (BHTG) is up over 18% at $1.68

Fisker Inc. (FSR) is up over 13% at $17.04

3D Systems Corporation (DDD) is up over 11.08% at $31.49

AMC Entertainment Holdings, Inc. (AMC) is up over 9% at $36.89

In the Red

Metromile Inc. (MILE) is down over 17% at $5.72

SmileDirectClub, Inc. (SDC) is down over 15% at $5.64

Washington Prime Group Inc. (WPG) is down over 14% at $1.44

Waitr Holdings Inc. (WTRH) is down over 11% at $1.40

Aptinyx Inc. (APTX) is down over 8% at $2.36

Senseonics Holdings, Inc. (SENS) is down over 8% at $2.97

Vuzix Corporation (VUZI) is down over 8% at $12.53

Orbsat Corp. (OSAT) is down over 4% at $5.98

Colbert on Afghanistan: ‘It’s Heartbreaking’

“Why should our soldiers be fighting radicals in a civil war in Afghanistan? We’ve got our own on Capitol Hill,” Stephen Colbert said.

By Trish Bendix

Rep. Lauren Boebert Is Torched For Tweeting That Taliban Are ‘Building Back Better’

Rep. Lauren Boebert (R-Colo.) was accused of rooting for the Taliban on Monday after she tweeted that the extremist group that has overthrown Afghanistan was “building back better.”

“The Taliban are the only people building back better,” she tweeted in a swipe at President Joe Biden in reference to his economic recovery plan.

Taliban insurgents seized control of much of Afghanistan over the past week, including Kabul, prompting a mass exodus of government officials, U.S. embassy personnel and at-risk Afghans, including journalists, translators and human rights activists.

There are grave concerns the Taliban will roll back basic human and democratic rights, especially for women, and oversee a return to the extremist Islamic rule that Afghans lived under from 1996 to 2001.

Boebert, a major cheerleader for Donald Trump’s 2020 presidential election lies, has faced scrutiny over her role in inspiring the violent insurrection led by his supporters at the U.S. Capitol on Jan. 6. Her critics slammed her for the Taliban-friendly quip after she helped foment a domestic terrorism incident. 

They also recirculated a notable February tweet in which Boebert called out Biden for delaying the withdrawal of U.S. troops from Afghanistan: “We need to end the endless wars,” she said at the time.

See other examples of the Twitter backlash below.

RELATED…

Swiss Life H1 Profit Rises, Premiums Down; Confirms Targets – Quick Facts

Insurer Swiss Life Group (SZLMY.PK,SLHN.VX) reported Tuesday that its first-half net profit grew 15 percent from last year to 618 million Swiss francs.

Adjusted profit from operations was 889 million francs, an increase of 13 percent over the previous year.

The fee result increased 14 percent from the previous year to 309 million francs. Both the insurance units and Swiss Life Asset Managers increased their contributions to the fee result.

Swiss Life achieved fee income in local currency of 1.08 billion francs, up 15 percent from last year.

Premiums amounted to 10.9 billion francs, down 7 percent from 11.6 billion francs, mainly due to the development in Switzerland and the disciplined underwriting policy.

The value of new business totaled 252 million francs, up 24 percent. The new business margin rose to 3.1 percent from previous year’s 2.1 percent.

Looking ahead, Swiss Life said it is making very good progress with its “Swiss Life 2021” Group-wide program and confirmed its financial targets.

Former ITV Chief Adam Crozier Named Chairman Of UK Telecoms Company BT

Adam Crozier, the British executive who was previously CEO of ITV and the Football Association, will take over as chair of UK telecommunications outfit BT at the end of the year.

The move follows the resignation of Jan du Plessis from the role back in March. There was understood to be friction between du Plessis and Philip Jansen, BT’s chief executive.

Crozier is said to be the unanimous choice of the board. He will take up the role on December 1, joining the board the month before.

Headquartered in London, BT is the largest provider of fixed-line, broadband and mobile services in the UK, and also offers subscription TV services including BT Sport, which has rights to the UEFA Champions League soccer.

Crozier was at ITV plc between 2010 and 2017. His roles also include advertising agency Saatchi & Saatchi and the Royal Mail.

Watch on Deadline

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Just Eat Takeaway.com H1 Loss Widens, Revenues Climb; Backs Outlook

Online food delivery marketplace Just Eat Takeaway.com (JET.L, GRUB), which completed the acquisition of U.S- based Grubhub in June, reported Tuesday that its first-half net loss after tax widened to 486 million euros from last year’s loss of 59 million euros.

Operating loss was 355 million euros, compared to loss of 11 million euros a year ago.

Pro forma Adjusted EBITDA was negative 190 million euros, compared to last year’s positive 205 million euros.

Revenue climbed to 1.77 billion euros from last year’s 675 million euros. Pro forma revenue grew 47 percent to 2.61 billion euros from last year’s 1.78 billion euros. Proforma revenues grew 52 percent on a constant currency basis.

Pro forma orders were 546.8 million euros, up 51 percent from the previous year.

Further, the company reiterated its guidance for the full year 2021. The company continues to expect order growth, excluding Grubhub, above 45 percent year-on-year; GTV, including Grubhub on a combined basis, in a range of 28 billion euros to 30 billion euros; and adjusted EBITDA margin, including Grubhub on a combined basis, in a range of minus 1 percent and minus 1.5 percent of GTV.

The company also reiterated its intention to monetise its 33 percent stake in iFood if an appropriate offer is made that reflects the size and superior growth of this asset. The highest bid to date amounted to 2.3 billion euros and fell short of managements expectancies.

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