Just Eat shares rise 50 per cent on £3.3bn Prosus deal hospitality Global tech firm Prosus has made an offer to acquire Just Eat Takeaway.com for £3.3bn. The Amsterdam-based firm said it intends to launch the offer “as soon as practically possible”, which the company said was likely to be in the second quarter. The deal is expected to be completed by the end of the year. [...]
Lloyd’s of London insurer snubs the City with New York IPO plans insurance A Lloyd’s of London insurer has dealt a fresh blow to the City by snubbing the London Stock Exchange in favour of New York for its planned IPO, piling fresh pressure on the capital’s bourse after it shrank at the fastest pace on record last year. Aspen Insurance, an underwriting firm which operates out of [...]
Just Eat delisting ‘blow to the City’ and setback for Reeves Markets Just Eat Takeaway abandoning the London Stock Exchange “highlights a troubling trend” for UK markets as the government struggles to keep companies listed in Britain. The takeaway delivery company cited low liquidity, burdensome regulatory requirements, and high costs as key reasons for its move, which analysts said underscored the uncompetitiveness of London’s equity markets. “If [...]
Just Eat set to abandon London listing November 27, 2024 Just Eat Takeaway has announced it will be delisting from the London Stock Exchange due to the administrative burden of a dual listing. When Just Eat Takeaway.com was created in 2020 between a merger of the London-based Just Eat and the Amsterdam-listed Takeaway.com, it had initially planned to to scrap its Dutch listing. However, in [...]
Just Eat: UK sales growth fails to offset falling orders October 16, 2024 Food delivery company Just Eat has posted a drop in sales as order numbers fell across all regions, but has reiterated its full year guidance. In a third quarter trading update, the London-listed company revealed its total gross transaction value (GTV) fell three per cent to €6.34bn (£5.3bn), down from 6.53bn (£5.46bn) in the year-ago [...]
Just Eat: Shares spike, but is there trouble ahead? July 31, 2024 Just Eat beat market expectations in its first-half results and announced a share buyback of up to €150m (£126m). The market responded well: the takeaway giant’s share price rose by over eight per cent on Wednesday. True, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) at the Amsterdam-headquartered company surged 42 per cent, but [...]
Just Eat: Brits lead the way for takeaway giant as revenue dips July 31, 2024 Brits willing to shell out cash on takeaways fuelled Just Eat in the first half of the year, but negative growth in north America and southern Europe led to a dip in revenue overall. Total revenue dropped by one per cent at the takeaway giant year on year in the first half of 2024, while [...]
How business leaders can embrace shift to healthier office dining May 20, 2024 The healthier office landscape is in a constant state of evolution, and the recent embrace of hybrid work models has only accelerated these changes.
The Notebook: My key takeaway from a year at Just Eat? Tech isn’t the enemy May 15, 2024 Just Eat's Claire Pointon reflects on what she's learned from one year on the job (as well as the takeaway giant's kinship with Taylor Swift).
Just Eat: Brits continue to scoff takeaways but other nations lose their appetite April 17, 2024 Only Brits ordered more takeaway from Just Eat in the first three months of 2024, compared to the same period last year.