Just Eat shares spike after it announces Grubhub sale November 13, 2024 Delivery platform Just Eat has agreed to sell its American arm, Grubhub, to the US takeaway startup Wonder. Shares in Just Eat rose 19 per cent in early trades on the news. Just Eat sold the platform for $650m (£500m), a 90 per cent discount on the $7bn it paid in 2021—or, adjusting for inflation, [...]
Mcdonald’s UK profit slashed by over £100m October 28, 2024 Profit at Mcdonald’s UK restaurants was slashed by more than £100m in 2023 despite its turnover taking a big stride towards the £2bn mark. The US fast food giant has reported a pre-tax profit of £66.3m for its UK operations, down from the £170.8m it achieved in 2022. Mcdonald’s operating profit was cut from £165.4m [...]
Deliveroo: UK consumers help group’s growth October 17, 2024 More Brits ordering takeout in the UK and Ireland helped Deliveroo post growth in its third quarter, as it maintained its full year guidance. The food delivery company booked gross transaction value (GTV) of £1.78bn, up six per cent year on year in constant currency, as orders jumped to 71.1m, up from 69.7m in the [...]