Exclusive: London-based Peckwater Brands swallows competitor to become largest virtual food brand in Europe FOOD DELIVERY Peckwater Brands has acquired its chief competitor eatclever, making it the largest provider of virtual food outlets in Europe. The acquisition has seen Peckwater scooping brands like taste&soul, KoChi and Chicos from its health food-focused competitor, expanding its reach into Germany, Austria and Switzerland in the process. The terms and price of the deal are [...]
Food in 30 minutes: Sainsbury’s is latest to strike delivery deal with on-demand app Just Eat Online grocery shopping Sainsbury’s shoppers can prepare for groceries at the doorstep in just 30 minutes after as Britain’s second largest supermarket struck a deal delivery app with Just Eat. With the Just Eat app, customers will be able to order items from Sainsbury’s and have them arrive at their doorstep in under half-an-hour. The on-demand service will [...]
Just Eat gets standard stock listing PRICE DROP Food delivery app Just Eat switched to a standard listing on the London Stock Exchange. Previously, it held a ‘premium listing’. A premium listing comes with additional caveats and with the standard listing, trade for Just Eat stocks is easier. Along with its listing on LSE, it remains listed Euronext Amsterdam. The company holds 45 [...]
Just Eat Takeaway returns to profit despite warning of ‘challenging’ consumer backdrop October 19, 2022 Just Eat Takeaway has returned to profitability earlier than expected, although the food delivery platform warned of a “challenging” consumer backdrop in the months to come. The London-based firm said it processed 235m orders in the third quarter of 2022, an 11 per cent dip on the year previously, with bosses pointing to the end [...]
Just Eat appoints new executives as it eyes up profit September 29, 2022 Just Eat has appointed two new chiefs to its top team today as it angles in on profitability this year and looks to capitalise on a positive first six months trading.
Revenue climbs for Just Eat despite dwindling order numbers August 3, 2022 Orders dipped seven per cent in the first half of 2022 for Just Eat Takeaway.com as the delivery giant struggles to keep up with pandemic hype.
Food delivery share prices could ‘meaningfully recover’ next year as firms approach profitability July 27, 2022 While food delivery stocks have experienced turbulence lately, the Royal Bank of Canada said there was potential for shares to “meaningfully recover” as start-ups approach profitability. Former City darlings Deliveroo and Just Eat Takeaway have seen their share prices plummet by some 72 per cent and 77 per cent in the past year, despite blockbuster [...]
Just Eat offers restaurants bikes, loans and cashback as they falter amid historic inflation July 14, 2022 Just Eat has unveiled a £1m support package with financial support for its independent restaurant partners as they struggle amid inflationary pressures. Small, independent firms in the UK will be able to access the support package, which includes marketing and financial support – that does not need to be re-paid. Businesses have been struggling in [...]
Domino’s poaches Just Eat’s finance director for top board role July 11, 2022 Domino’s has appointed a new chief financial officer, poaching Just Eat’s UK and Ireland regional finance director. The pizza chain announced on Monday that Edward Jamieson will join the board of directors in October 2022. Jamieson’s CV includes a four year stint at the food delivery platform, where he helped the UK arm boost revenue [...]
Just Eat and Amazon team up on takeaways in U.S. July 6, 2022 Takeaway giant Just Eat and Amazon have launched a new partnership today to give Amazon Prime members access to free deliveries on order in its U.S. unit Grubhub.