These FTSE listed companies, Deliveroo Plc (LON: ROO), PPHE Hotel Group Limited (LON: PPH), ITV PLC (LON: ITV), Rio Tinto (LON: RIO), and Royal Dutch Shell Plc (LON: RDSA), are set to make headlines today.
- Deliveroo Plc (LON: ROO)
The company which had a blockbuster IPO recently has found a boost in a legal battle. Some of its riders had attempted to get legal status as employees. The court of appeal endorsed earlier verdicts in which food delivery persons were defined as self-employed. This decision was hinged on the fact that riders could arrange substitutes to finish their duties in case they were unable to or did not want to.
Shares of Deliveroo closed at GBX 274.90 on 24 June.
- PPHE Hotel Group Limited (LON: PPH)
PPHE has gone into a joint venture with Clal, an Israel insurer, resulting in the unlocking of equity worth £113.7 million. Clal would have a 49 per cent stake in the company’s biggest site development project – the £200 million hotel in Shore ditch and the London Riverbank Park Plaza. The 27-storey project in East London would be completed in early 2024.
Shares of PPHE Hotels closed at GBX 1,630 on 24 June.
- ITV PLC (LON: ITV)
ITV is reportedly planning to give up two of its office spaces in London. It plans to relocate about 2,000 staff from these locations to a 12,000 square feet office space. The details have come in the backdrop of the company’s post-pandemic workplace plans. It would reduce the company’s office footprint significantly.
Shares of ITV closed at GBX 127 on 24 June.
- Rio Tinto (LON: RIO)
The company was accused of permitting the disposal of several irreplaceable, rare indigenous cultural artefacts at a waste dump in Darwin. These artefacts came Pilbara, an iron ore rich region. The mining giant has also been accused of not letting traditional Aboriginal owners know about the disposal for decades.
Shares of Rio Tinto closed at GBX 6,000 on 24 June.
Royal Dutch Shell Plc (LON: RDSA)
According to reports, a Dutch activist group, which had won a case on the climate change plans of Royal Dutch Shell, has asked the company to give up on appealing and hold talks with the group to cut down emissions.
Shares of Royal Dutch Shell closed at GBX 1,482.60 on 24 June.