Deliveroo confirmed the news earlier this week, saying that DoorDash approached it on April 5 with an offer of £1.80 ($2.40) a share. The company added that it would be “minded to recommend such an offer to Deliveroo shareholders.”

However, it is important to note that DoorDash didn’t make a firm offer with Deliveroo placing a May 23 deadline for such an offer to come.  

“There can be no certainty that any firm offer for Deliveroo will be made. At this time, shareholders are advised to take no action in respect to the possible offer,” Deliveroo concluded.

This isn’t the first time DoorDash has tried to buy Deliveroo. The two companies have held talks on several occasions in the past years, with the latest round coming last summer, but they couldn’t come to an agreement.

DoorDash is the largest food delivery platform in the United States with 42 million monthly active users and has a presence in 30 more countries around the globe. It had revenue of $10.72 billion in 2024 with a 24.2% year-over-year increase. The company’s stock closed at $187.76 per share on Friday, seeing a 10.03% growth year-to-date.

Deliveroo is the leading food delivery company in the UK. It reported £2.07 billion in revenue and had 7.1 million active users in 2024.

The post DoorDash Makes $3.6 Billion Offer for UK Rival Deliveroo appeared first on theprimarymarket.com.

Goldman Sachs’ analysts, led by Co-Head of Global Commodities Research Daan Struyven, wrote in a research note that they expect a daily surplus of 800,000 barrels in 2025, with the figure going as high as 1.4 million barrels a day next year.

“While the market has already priced in some future inventory builds, we expect large surpluses,” Goldman Sachs analysts stated.

Goldman Sachs is now forecasting $63 a barrel for Brent and $59 a barrel for WTI in 2025. In 2026, the oil prices are expected to be $58 a barrel for Brent and $55 a barrel for WTI.

“Oil prices would likely exceed our forecast if the Administration were to reverse tariffs sharply and deliver a reassuring message to markets, consumers, and businesses,” the research note added.

Additionally, the bank believes that the demand for oil will jump by only 300,000 barrels a day this year while drastically reducing its previous prediction for demand in 2026.

On Monday, Brent crude oil futures traded at $64.5 per barrel, while WTI futures traded at $61.45 per barrel.

The post Oil Prices Will Decline Through 2026 According to Goldman Sachs appeared first on theprimarymarket.com.

BYD has already started building manufacturing plants in Szeged, Hungary, and Izmir, Turkey, that will produce 500,000 EVs per year combined. The Szeged factory is expected to open by the end of this year, while the facility in Izmir should start production in March 2026.

BYD is facing a slowing demand in its home market and sees expansion to Europe as an opportunity to increase its sales. By having another production facility in the region, the company would be able to offer cheaper EVs and challenge the domestic producers.

BYD’s executive vice president Stella Li hinted that a third factory is in play in an interview earlier this month but didn’t offer any detail about the preferred location. It is believed that the company is eyeing Western Europe, wanting to give its brand more legitimacy by positioning itself in the region with a rich automotive history.

France previously indicated that it would be open to welcoming BYD, but that doesn’t seem to be a legitimate option at the moment. The company was advised by the Chinese government to avoid investing in EU countries that supported the tariffs, with France and Italy being on the list.

While Germany is now at the top of BYD’s list of preferred locations, the decision is yet to be confirmed. Some executives remain wary of the idea due to the country’s high labor and energy costs and what is perceived to be low flexibility.

The post China’s EV Giant BYD is Considering Building a New Factory in Germany appeared first on theprimarymarket.com.

Last March, Unilever announced the intention to spin off its ice cream division as part of broader restructuring plans. It said the move would result in a “simpler, more focused company” while there is a belief the ice cream business would perform better as a standalone entity. Unilever added that it aims to complete the process by the end of 2025.

Bloomberg News’ source said that Unilever sees the NYSE as the best place for listing the ice cream business, considering the strong presence of brands like Ben & Jerry’s and Breyers in the United States. However, the company is also exploring other options, like stock exchanges in London and Amsterdam.  

Alternatively, Unilever could opt to list the ice cream unit on multiple exchanges at the same time. However, this path requires various considerations including market conditions, tax implications, and accounting challenges.

Unilever previously also explored selling the ice cream division at a valuation of $18.6 billion. However, it changed course by the end of 2024 and instead chose to spin it into a separate company. The ice cream business contributes 16% to the company’s overall revenue.

The post Unilever Considering Listing its Ice Cream Business on New York Stock Exchange appeared first on theprimarymarket.com.

The inflation rate in countries overseen by the ECB jumped to 2.2% in November compared to 2.0% in the month prior and 1.7% in September. Across the entire European Union, the inflation rate went up from 2.3% in October to 2.5% in November.

According to ECB President Christine Lagarde, the central bank forecasts more fluctuations in the near future but fully expects to reach a stable 2% inflation rate over the medium term this year.

“We have made significant progress in 2024 in bringing down inflation and hopefully 2025 is the year when we are on target as expected and as planned in our strategy,” Lagarde said. “Of course we will continue our efforts to ensure that inflation stabilizes sustainably at that 2% medium-term target.”

Since June, the ECB officials have made four interest rate cuts, each 25 basis points. The ECB benchmark interest rate is currently set at 3.15%. Further rate cuts are expected this year, with experts predicting at least four more before June.

The post ECB Expects to Reach Its 2% Inflation Target in 2025 appeared first on theprimarymarket.com.

Honda and Nissan previously struck a deal to join forces in efforts to develop electric vehicles as a way to be competitive on the market dominated by Tesla and Chinese EV producers. However, now the companies are considering taking their partnership to a next level.

Under the proposed strategic partnership deal, Honda and Nissan would use each other’s factories to produce vehicles. As part of the agreement, Honda would supply Nissan with hybrid vehicles while also potentially using Nissan’s car factory in Sunderland, England. Honda currently only produces motors and engines in its factories in Europe.

The move would likely bring the merger between Japan’s second and third-largest car producers one step closer to completion. The merger would create the world’s third-biggest automotive company, with roughly 7.5 million cars sold annually. This would only trail Toyota and Volkswagen’s numbers.

Mitsubishi could also join the new group, considering that Nissan is the company’s top stakeholder.

The post Honda and Nissan Hold Talks About Joint Car Production, Possible Merger appeared first on theprimarymarket.com.

On Friday, the price of Arabica coffee futures reached $335.45 per lb, their highest point since 1977. It later settled at $318.05 per lb, being 65% up year-to-date. Arabica coffee, known for its rich and smooth taste, is often used for specialty coffee drinks like cappuccino and latte.

The price of Robusta coffee futures also ticked up. They closed at $5,377 per metric ton after soaring as high as $5,694 a metric ton during the session. Robusta coffee beans are considered lower quality and are often used in instant coffees.

The soaring coffee prices are a result of droughts in Brazil throughout 2024 that are expected to result in significantly lower production of coffee beans next year. The decision of some farmers to hold onto their crops for an even higher price is also expected to have an impact.

Additionally, Vietnam, the world’s second-largest coffee producer, has also seen its fair share of problems. The coffee farmers in the country dealt with drought earlier in the year and heavy rainfall during the harvest season.

The post Coffee Prices Soar to Highest in Almost Half a Century appeared first on theprimarymarket.com.

Heidelberg Materials, considered the world’s second largest cement manufacturer, has been focused on expanding its presence in the United States in recent months. Back in July, it acquired three U.S. companies – Highway Materials, Victory Rock, and Aaron Materials – for a combined $380 million.

“Our latest additions are yet another great strategic fit, creating value in the near term through significant synergies with our existing assets on the East Coast. This move follows a series of key acquisitions this year that have already contributed to our consistently strong financial performance in North America,” Dominik von Achten, Chairman of the Managing Board of Heidelberg Materials, said in a statement.

Heidelberg Materials further stated that the deal is expected to close in the first quarter of 2025. It will contribute around $60 million in EBITDA (earnings before interest, taxes, depreciation, and amortization) in year one of the operations before “significant additional synergies.”

The U.S. is being viewed as an increasingly attractive market by large international building materials companies. The U.S. is expected to go through a period of increased construction activity for the foreseeable future thanks to large infrastructure projects, meaning that we can expect more similar deals in the future.

The post Germany’s Heidelberg Materials Expands U.S. Presence With $600 Million Acquisition of Giant Cement appeared first on theprimarymarket.com.

The Ito family previously expressed their interest in taking Seven & i private amid pressure from investors and takeover attempts from foreign companies. However, the family believes it would be difficult to secure the needed capital of $51.7 billion from banks, which is why it approached KKR & Co, Bain Capital, and Apollo Global Management to gauge their interest.

It is estimated that the funding for Seven & i buyout will come together by the end of the 2024 financial year and will include some if not all of Japan’s megabanks like Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group.

Seven & i previously confirmed the Ito family approach but it didn’t provide further details about the negotiations.

Seven & i was previously the subject of a $47 billion takeover from Canada’s Alimentation Couche-Tard. A special committee formed by Seven & i Holdings rejected the offer, which was met with disapproval in Japan as it would be the largest foreign company takeover in the country’s history.

The post Seven & i Founding Family Reaches to U.S. Investment Firms About Company Buyout appeared first on theprimarymarket.com.

Back in the summer, McDonald’s started a “$5 Meal Deal “promotion that was extended several times as franchisees said it was helping them with sales. The “$5 Meal Deal “will now be the focal point of McValue with the addition of the “buy one, add one for $1” deal. The latter will allow customers to buy a menu item from a predetermined list for its full price and then add another item from that list to their order for $1.

McDonald’s plans to fit McValue with other deals based on the region as it looks to bring back customers who have been turning away from fast food due to rising menu prices. 

“When it comes to value, we know there’s no one-size-fits-all,” said McDonald’s USA President Joe Erlinger. “We’ve worked closely with our franchisees to create a new platform that will let our customers define value on their own terms,”

McDonald’s topped analysts’ expectations with its most recent financial results but saw a 1.5% dip in global sales. Additionally, the fast food giant experienced a 0.3% sales increase in the United States, which marked slower growth than estimated.

McDonald’s stock improved by 0.63% on Friday, closing at $290.28 per share. It remains 2.28% down year-to-date.

The post McDonald’s Introduces New Value Menu in Attempts to Boost Sales appeared first on theprimarymarket.com.

Deliveroo confirmed the news earlier this week, saying that DoorDash approached it on April 5 with an offer of £1.80 ($2.40) a share. The company added that it would be “minded to recommend such an offer to Deliveroo shareholders.”

However, it is important to note that DoorDash didn’t make a firm offer with Deliveroo placing a May 23 deadline for such an offer to come.  

“There can be no certainty that any firm offer for Deliveroo will be made. At this time, shareholders are advised to take no action in respect to the possible offer,” Deliveroo concluded.

This isn’t the first time DoorDash has tried to buy Deliveroo. The two companies have held talks on several occasions in the past years, with the latest round coming last summer, but they couldn’t come to an agreement.

DoorDash is the largest food delivery platform in the United States with 42 million monthly active users and has a presence in 30 more countries around the globe. It had revenue of $10.72 billion in 2024 with a 24.2% year-over-year increase. The company’s stock closed at $187.76 per share on Friday, seeing a 10.03% growth year-to-date.

Deliveroo is the leading food delivery company in the UK. It reported £2.07 billion in revenue and had 7.1 million active users in 2024.

The post DoorDash Makes $3.6 Billion Offer for UK Rival Deliveroo appeared first on theprimarymarket.com.

Goldman Sachs’ analysts, led by Co-Head of Global Commodities Research Daan Struyven, wrote in a research note that they expect a daily surplus of 800,000 barrels in 2025, with the figure going as high as 1.4 million barrels a day next year.

“While the market has already priced in some future inventory builds, we expect large surpluses,” Goldman Sachs analysts stated.

Goldman Sachs is now forecasting $63 a barrel for Brent and $59 a barrel for WTI in 2025. In 2026, the oil prices are expected to be $58 a barrel for Brent and $55 a barrel for WTI.

“Oil prices would likely exceed our forecast if the Administration were to reverse tariffs sharply and deliver a reassuring message to markets, consumers, and businesses,” the research note added.

Additionally, the bank believes that the demand for oil will jump by only 300,000 barrels a day this year while drastically reducing its previous prediction for demand in 2026.

On Monday, Brent crude oil futures traded at $64.5 per barrel, while WTI futures traded at $61.45 per barrel.

The post Oil Prices Will Decline Through 2026 According to Goldman Sachs appeared first on theprimarymarket.com.

BYD has already started building manufacturing plants in Szeged, Hungary, and Izmir, Turkey, that will produce 500,000 EVs per year combined. The Szeged factory is expected to open by the end of this year, while the facility in Izmir should start production in March 2026.

BYD is facing a slowing demand in its home market and sees expansion to Europe as an opportunity to increase its sales. By having another production facility in the region, the company would be able to offer cheaper EVs and challenge the domestic producers.

BYD’s executive vice president Stella Li hinted that a third factory is in play in an interview earlier this month but didn’t offer any detail about the preferred location. It is believed that the company is eyeing Western Europe, wanting to give its brand more legitimacy by positioning itself in the region with a rich automotive history.

France previously indicated that it would be open to welcoming BYD, but that doesn’t seem to be a legitimate option at the moment. The company was advised by the Chinese government to avoid investing in EU countries that supported the tariffs, with France and Italy being on the list.

While Germany is now at the top of BYD’s list of preferred locations, the decision is yet to be confirmed. Some executives remain wary of the idea due to the country’s high labor and energy costs and what is perceived to be low flexibility.

The post China’s EV Giant BYD is Considering Building a New Factory in Germany appeared first on theprimarymarket.com.

Last March, Unilever announced the intention to spin off its ice cream division as part of broader restructuring plans. It said the move would result in a “simpler, more focused company” while there is a belief the ice cream business would perform better as a standalone entity. Unilever added that it aims to complete the process by the end of 2025.

Bloomberg News’ source said that Unilever sees the NYSE as the best place for listing the ice cream business, considering the strong presence of brands like Ben & Jerry’s and Breyers in the United States. However, the company is also exploring other options, like stock exchanges in London and Amsterdam.  

Alternatively, Unilever could opt to list the ice cream unit on multiple exchanges at the same time. However, this path requires various considerations including market conditions, tax implications, and accounting challenges.

Unilever previously also explored selling the ice cream division at a valuation of $18.6 billion. However, it changed course by the end of 2024 and instead chose to spin it into a separate company. The ice cream business contributes 16% to the company’s overall revenue.

The post Unilever Considering Listing its Ice Cream Business on New York Stock Exchange appeared first on theprimarymarket.com.

The inflation rate in countries overseen by the ECB jumped to 2.2% in November compared to 2.0% in the month prior and 1.7% in September. Across the entire European Union, the inflation rate went up from 2.3% in October to 2.5% in November.

According to ECB President Christine Lagarde, the central bank forecasts more fluctuations in the near future but fully expects to reach a stable 2% inflation rate over the medium term this year.

“We have made significant progress in 2024 in bringing down inflation and hopefully 2025 is the year when we are on target as expected and as planned in our strategy,” Lagarde said. “Of course we will continue our efforts to ensure that inflation stabilizes sustainably at that 2% medium-term target.”

Since June, the ECB officials have made four interest rate cuts, each 25 basis points. The ECB benchmark interest rate is currently set at 3.15%. Further rate cuts are expected this year, with experts predicting at least four more before June.

The post ECB Expects to Reach Its 2% Inflation Target in 2025 appeared first on theprimarymarket.com.

Honda and Nissan previously struck a deal to join forces in efforts to develop electric vehicles as a way to be competitive on the market dominated by Tesla and Chinese EV producers. However, now the companies are considering taking their partnership to a next level.

Under the proposed strategic partnership deal, Honda and Nissan would use each other’s factories to produce vehicles. As part of the agreement, Honda would supply Nissan with hybrid vehicles while also potentially using Nissan’s car factory in Sunderland, England. Honda currently only produces motors and engines in its factories in Europe.

The move would likely bring the merger between Japan’s second and third-largest car producers one step closer to completion. The merger would create the world’s third-biggest automotive company, with roughly 7.5 million cars sold annually. This would only trail Toyota and Volkswagen’s numbers.

Mitsubishi could also join the new group, considering that Nissan is the company’s top stakeholder.

The post Honda and Nissan Hold Talks About Joint Car Production, Possible Merger appeared first on theprimarymarket.com.

On Friday, the price of Arabica coffee futures reached $335.45 per lb, their highest point since 1977. It later settled at $318.05 per lb, being 65% up year-to-date. Arabica coffee, known for its rich and smooth taste, is often used for specialty coffee drinks like cappuccino and latte.

The price of Robusta coffee futures also ticked up. They closed at $5,377 per metric ton after soaring as high as $5,694 a metric ton during the session. Robusta coffee beans are considered lower quality and are often used in instant coffees.

The soaring coffee prices are a result of droughts in Brazil throughout 2024 that are expected to result in significantly lower production of coffee beans next year. The decision of some farmers to hold onto their crops for an even higher price is also expected to have an impact.

Additionally, Vietnam, the world’s second-largest coffee producer, has also seen its fair share of problems. The coffee farmers in the country dealt with drought earlier in the year and heavy rainfall during the harvest season.

The post Coffee Prices Soar to Highest in Almost Half a Century appeared first on theprimarymarket.com.

Heidelberg Materials, considered the world’s second largest cement manufacturer, has been focused on expanding its presence in the United States in recent months. Back in July, it acquired three U.S. companies – Highway Materials, Victory Rock, and Aaron Materials – for a combined $380 million.

“Our latest additions are yet another great strategic fit, creating value in the near term through significant synergies with our existing assets on the East Coast. This move follows a series of key acquisitions this year that have already contributed to our consistently strong financial performance in North America,” Dominik von Achten, Chairman of the Managing Board of Heidelberg Materials, said in a statement.

Heidelberg Materials further stated that the deal is expected to close in the first quarter of 2025. It will contribute around $60 million in EBITDA (earnings before interest, taxes, depreciation, and amortization) in year one of the operations before “significant additional synergies.”

The U.S. is being viewed as an increasingly attractive market by large international building materials companies. The U.S. is expected to go through a period of increased construction activity for the foreseeable future thanks to large infrastructure projects, meaning that we can expect more similar deals in the future.

The post Germany’s Heidelberg Materials Expands U.S. Presence With $600 Million Acquisition of Giant Cement appeared first on theprimarymarket.com.

The Ito family previously expressed their interest in taking Seven & i private amid pressure from investors and takeover attempts from foreign companies. However, the family believes it would be difficult to secure the needed capital of $51.7 billion from banks, which is why it approached KKR & Co, Bain Capital, and Apollo Global Management to gauge their interest.

It is estimated that the funding for Seven & i buyout will come together by the end of the 2024 financial year and will include some if not all of Japan’s megabanks like Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group.

Seven & i previously confirmed the Ito family approach but it didn’t provide further details about the negotiations.

Seven & i was previously the subject of a $47 billion takeover from Canada’s Alimentation Couche-Tard. A special committee formed by Seven & i Holdings rejected the offer, which was met with disapproval in Japan as it would be the largest foreign company takeover in the country’s history.

The post Seven & i Founding Family Reaches to U.S. Investment Firms About Company Buyout appeared first on theprimarymarket.com.

Back in the summer, McDonald’s started a “$5 Meal Deal “promotion that was extended several times as franchisees said it was helping them with sales. The “$5 Meal Deal “will now be the focal point of McValue with the addition of the “buy one, add one for $1” deal. The latter will allow customers to buy a menu item from a predetermined list for its full price and then add another item from that list to their order for $1.

McDonald’s plans to fit McValue with other deals based on the region as it looks to bring back customers who have been turning away from fast food due to rising menu prices. 

“When it comes to value, we know there’s no one-size-fits-all,” said McDonald’s USA President Joe Erlinger. “We’ve worked closely with our franchisees to create a new platform that will let our customers define value on their own terms,”

McDonald’s topped analysts’ expectations with its most recent financial results but saw a 1.5% dip in global sales. Additionally, the fast food giant experienced a 0.3% sales increase in the United States, which marked slower growth than estimated.

McDonald’s stock improved by 0.63% on Friday, closing at $290.28 per share. It remains 2.28% down year-to-date.

The post McDonald’s Introduces New Value Menu in Attempts to Boost Sales appeared first on theprimarymarket.com.