Just Eat investor Cat Rock backs Takeaway offer amid ‘terrible value destruction’ November 26, 2019 A major Just Eat shareholder has urged fellow investors to back a takeover offer from Takeaway.com, saying the deal was necessary to avert the firm’s “terrible value destruction”. Cat Rock Capital, which holds a stake of roughly 2.6 per cent in the delivery firm, today threw its weight behind Takeaway’s offer, which values Just Eat’s [...]
IPOs – no sure thing? November 26, 2019 IPOs always attract plenty of attention, particularly when they are of highly-recognised companies. But are they a wise destination for investor cash? IPOs offer plenty of glamour, a change from the usual stocks in an index, and there have been plenty of new entrants to the UK stock market over the past ten years. Some [...]
Just Eat tells shareholders not to accept Prosus takeover offer November 25, 2019 Just Eat has advised shareholders not to accept a takeover offer from merger gatecrasher Prosus, urging them instead to stick with its agreed deal with Takeaway.com. Prosus, which is controlled by South African investment giant Naspers, is threatening to derail Takeaway’s takeover efforts after tabling a higher bid that valued the company at roughly £4.9bn. [...]
Food for thought: How Tastecard is helping the restaurant sector November 25, 2019 The restaurant sector is in a crisis. A combination of rising rents, food prices and wage costs, plus a decline in consumer spending, is causing more businesses to close. Research published in September exposed the scale of the problem. According to accountancy firm UHY Hacker Young, the number of restaurants closing in the year to [...]
DUP’s Sammy Wilson warns Westminster that Northern Ireland will have its voice heard loud and clear in Brexit negotiations November 24, 2019 Boris Johnson may be going all-in to get a Conservative majority this election, but the jury is very much still out as to whether he will achieve his aim. Many in Westminster believe that despite the polling numbers, come the morning of 13 December the country will find itself saddled with yet another hung parliament. [...]
Prosus and Takeaway.com trade blows in battle for Just Eat November 20, 2019 The two companies competing to take over food delivery firm Just Eat were locked in a war of words today as they vied to win the favour of shareholders. Prosus said the bid made by rival Takeaway.com represented “significant risks” and underestimated how competitive the British market was. Read more: Takeaway.com boss has no plans [...]
Takeaway.com boss has no plans to increase £4.3bn Just Eat bid November 13, 2019 The chief executive of Takeaway.com has said the company does not intend to increase its £4.3bn bid for food delivery app Just Eat, despite South Africa’s Prosus tabling a larger, unsolicited offer. Jitse Groen said he would not sweeten the bid for Just Eat in a bidding war with Prosus, which has made a cash [...]
Takeaway.com admits its own offer for Just Eat is not ‘particularly appealing’ November 11, 2019 Takeaway.com boss Jitse Groen has admitted his firm’s offer for Just Eat is not “particularly appealing” for shareholders, as a takeover battle for the food delivery platform intensifies. Takeaway and Just Eat agreed the terms of an offer for the business in August, however, South Africa’s Prosus launched a rival £4.9m bid. Read more: Takeway.com [...]
Revealed: Ryanair named as dirtiest airline in UK by passengers, says Which November 9, 2019 Ryanair has been named as the filthiest flight operator in the UK by passengers, according to a Which survey. Having surveyed 7,901 people who had taken 12,459 flights between them, more than half rated the level of hygiene in Ryanair plane cabins negatively. Read more: Jet2 buys Thomas Cook’s slots at Stansted, Manchester and Birmingham [...]
Jumper been eaten by moths? Celia Pym will help you turn it into wearable art November 8, 2019 Why do moth larvae always eat the good stuff? Many of us will have just rummaged through our winter clothes, only to find that the pesky blighters have left holes in our favourite woollies. A few years ago I found a beloved John Smedley jumper had been ruined. I took a moth-attacked full-length Paul Costelloe [...]