Deliveroo shares sink to record lows amid fears of EU gig economy crackdown December 6, 2021 Shares in Deliveroo slumped as much as 9.6 per cent this morning following reports of the European Commission’s proposed labour rule changes that would influence rider remuneration. European rivals Just Eat and Delivery Hero also fell around 6 per cent on fears that the strict new rules could hamper their profitability. It comes just days [...]
Just Eat Takeaway urged to sell Grubhub by activist investor October 25, 2021 Just Eat Takeaway (JET) has been urged to sell or spin-off its US arm Grubhub by an activist investor by the end of the year. Investor Cat Rock Capital has said the food delivery firm’s management “failed to fix the deep and damaging undervaluation of its equity by taking tangible action to unlock the value [...]
Just Eat UK surpasses 1bn orders milestone October 13, 2021 Just Eat Takeaway.com’s financials were boosted in the third quarter of 2021 as Brits swapped home-cooked meals for takeout. The takeaway website processed 266m orders in the third quarter of 2021, representing a 25 per cent jump compared with the same period of 2020 which helped the UK branch of the company reach the milestone [...]
Grubhub founder steps down only four months after £5.8bn takeover by Just Eat October 8, 2021 The founder of US food delivery platform Grubhub has quit the business just four months after it was bought by UK-listed rival Just Eat Takeaway. Matt Maloney joined the Just Eat Takeaway board in June but has since stepped down to “pursue other opportunities”, the company said this morning. Just Eat boss Jitse Groen said: [...]
JustEat orders to offices soared last month October 7, 2021 JustEat has said orders of delivery food to offices has almost doubled in September, compared to June. The number of companies ordering food to the office last month grew more than 170 per cent when compared to last September. Office delivery sales have increased by more than 150 per cent from July to September, the [...]
Just Eat to create 1,500 new jobs in Sunderland August 25, 2021 Just Eat has announced it will create more than 1,500 new customer service jobs in Sunderland as part of a £100m investment in the North East. The British food delivery giant said that recruitment for the roles is underway with 300 positions already filled. The multi-million pound investment will fund a 20,000 square meter workspace [...]
Just Eat posts revenue surge of 52 per cent but struggles to turn a profit in fight for market share August 17, 2021 Strong demand for food delivery amid the last of the Covid restrictions persisted in the first half of the year and boosted Just Eat Takeaway’s revenue, but efforts to increase its share of the crowded market impacted profitability. Revenue in the first six months of the year grew to €2.6 bn (£2.2bn) – a 52 [...]
Just Eat Takeaway investor calls for merger as it slams stock performance July 27, 2021 A major investor in Just Eat Takeaway has urged the food delivery platform to explore a potential merger as it took aim at the company’s share price performance. Cat Rock Capital, which holds a 4.7 per cent stake in the group, slammed management’s “deeply flawed communication” with investors, which it blamed for a 28 per [...]
Just Eat acquires Slovakian food delivery as global expansion continues July 16, 2021 Just Eat Takeaway has announced it will acquire Bistro.sk, a food delivery company in Slovakia, as it expands its global footprint. The deal, approximately valued at €50m, is expected to close later in the year. The Slovakian business operates in a similar format to Just Eat. Its 400,000 customers choose food, from the 2,000 or [...]
Just Eat delivery order growth in UK up 733 per cent on the same period last year July 15, 2021 Just Eat Takeaway saw orders rise across the globe in the last quarter as recent investments began to take off. Half year orders in 2021 are up 61 per cent, whilst newly-acquired subsidiary Grubhub saw 51 per cent growth. Delivery order growth in the UK for the same period grew a staggering 733 per cent. [...]