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Home » Regular Columns » Three Quick Facts » Three Quick Facts: Just Eat, Argo Blockchain and Pineapple Power

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Just Eat sees continued strong demand

Just Eat [LON:JET] has published an update covering the first six months of the year and demand clearly remains strong despite hospitality venues reopening. Revenues rose 52% and whilst this still left the company nursing a loss even on an EBITDA basis, brighter times are seen ahead as various headwinds ease. That seems like it could be a big call and is also reliant on demand being sustained as consumers find other calls for their cash. Average spend per order also fell by around 3%, so the market reaction here will be worth watching.

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#2. Argo Blockchain hits carbon neutral milestone

An interesting note out from Argo Blockchain [LON:ARB] this morning who have reported they are the first publicly traded cryptocurrency mining company to report becoming “climate positive” – that is addressing its own greenhouse gas emissions to become carbon neutral and also mitigating emissions through the support of projects outside of Argo. Whilst this is an admirable move that could heighten the company’s appeal to the growing number of investors focused on ESG, the question has to be how this stands against the wider blockchain mining sector which remains a significant consumer of energy.

#3. Pineapple Power suspends shares as acquisition target found

It’s a fairly quiet morning, so rounding off we have news from Pineapple Power [LON:PNPL] that the company has found an acquisition target in Dublin-based BVP Investments, which focuses on green tech firms addressing issues of sustainability and the wider environment. The move sees Pineapple Power having requested – and been granted – the suspension of its shares from the market and notes that it will subsequently apply for admission of the enlarged entity, named Cool Capital, onto AIM should the transaction complete.


Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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