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Let's take a.
Look at some of the stocks on the move today in Europe. I'm met to you at Adebaya with Stephen Carroll, and we're joined by Bloomberg's Breaking News editor Louise Mean Louise, Delivery Hero appears for found an activist Villain tell us more.
Its larger shareholder is selling another steak, and this time it's to a company, a Hong Kong based company called Aspects Management. So it's a five percent steak that's being sold at twenty two euros a share. So Process will make about three hundred and thirty five million euros from the deal, and it cuts its steak again, so it takes its entire holding to about seventeen percent. This is in line with its commitments to sell down most of Stakes so that it can go ahead with acquiring Just
Eat Takeaway, which is obviously arrival to Delivery Hero. But as you say, that means that Aspects, the Hong Kong based company, will increase its stake to about fourteen percent become the second larger shareholder. They've been pushing already for its CEO to either offload assets or essentially leave the company,
so it ups the ante on the CEO. They have said that they'll work constructively with the board and with management, but it really ramps up that pressure for the delivery hero CEO as aspects becomes the second largest shareholder.
Okay, very interesting. Meanwhile, Compass Group pointing investors in a positive direction.
Yes, So they've lifted their voyet outlook after a record set of first half results. So the big thing in that is that they saw a fourteen percent rise in new business wins, so that's to four point one billion US dollars. Interestingly, half of that was from what they called first time outsourcing, so Compass are saying that.
Clients are dealing with a lot more so.
Compass is obviously the catering company, saying that clients are dealing with a lot more complexity around things like allergies and regulation, so they're bringing on Compass for those catering needs that accounted for a lot of that first time business Shares rose five percent. It is one of the biggest gainers on the foot two hundred this morning and list saying you know, this is a solid, encouraging sound set of results, so looking good for them and pointing
to further growth to see. The CEO noted that the total addressable market historically has grown around five percent each year, so it could reach about six hundred billion US dollars by twenty thirty five, so a lot moreroom for expansion there.
So shares lifting this morning.
Okay, lots going on at Compass Group. Hopefully things don't start moving south anytime soon. But finally Vodaphone are benefiting from a success in Africa.
What's the story there.
Yeah, so their South African un at voter Com had results this morning, issued a four year dividend that beat estimates.
Profits also climbed.
They're planning to increase revenue beyond their main mobile market telecoms market to other sectors and roll that out across the countries that it's present in. So shares rising in Johnsburg on the back of that about four percent, adding to gains already this year. So that's giving Vodafone a
bit of a boost. Also one of the biggest risers on the foot TEO hundred this morning and it's also ahead of Vodafone's own results, so this is obviously the entire parent company, and they're reporting first quarter results tomorrow, and Bloomberg Intelligence saying that they seem to be on a healthier footing. They've been channeling a lot of energy into quite a strong pivot, essentially getting rid of a lot of assets in various countries across Europe in particular.
To streamline themselves.
And they recently bought the rest of Vodaphone three in the UK, so that's now the UK's biggest telecoms operator. So it's an ongoing turnaround and expected to benefit their results tomorrow.
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