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 [...]
Aberdeen Standard Investment calls for Just Eat to consider Prosus and Takeaway.com offers October 23, 2019 Takeaway delivery platform Just Eat could be the focus of a bidding war after an investor urged the board to engage with multiple interested parties. Aberdeen Standard Investment called for the Just Eat board to “explore all available options” and engage with Takeaway.com and Prosus, which have both tabled bids for the firm. Read more: [...]
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 [...]
Deliveroo losses widen with warnings of future cost pressures March 17, 2022 Deliveroo has reported widening losses of £131m as the food delivery firm warned of the impact of hiked costs. The firm said its core adjusted loss had widened compared to a loss of £11m in 2020, citing increased marketing spend and investment into technology. However, revenue soared 57 per cent, with food delivery apps benefiting [...]
I’m not leaving this sofa: Takeaway orders soar during England goal-feast July 6, 2021 Football fans made over one million orders on JustEat over the course of Saturday evening as England waltzed past Ukraine in Rome. The match kicking off in the primetime slot of 8pm on a balmy Saturday evening encouraged 2,500 orders being placed per minute. The most popular order was burgers, followed by pizza. While the [...]
Activist investor Cat Rock tells Prosus not to interfere with Takeaway.com bid for Just Eat October 22, 2019 Activist investor Cat Rock has warned investment firm Prosus not to interfere with Takeaway.com’s bid for rival food delivery service Just Eat. Prosus launched a £4.9bn all-cash offer for Just Eat today, representing a 20 per cent premium to Takeaway.com’s all-share offer which has been negatively impacted by the Dutch businesses’ falling share price. Read [...]
Just Eat revenue rises as it hopes for £9bn end-of-year merger with Takeaway.com October 21, 2019 Just Eat’s third quarter revenue rose 25 per cent, it revealed today, as it hopes a £9bn merger with Dutch rival Takeaway.com willbe tied up by the end of the year. Despite this, shares fell five per cent in early trading as analysts were sceptical the deal would get past shareholders at a meeting pencilled [...]
Adelayo Adedayo on what she would eat for her last supper June 4, 2024 Star of upcoming Netflix drama Supacell Adelayo Adedayo tells us what she would eat for her last meal on earth
London’s unicorns: City’s tech start-ups are bringing in the big bucks December 21, 2022 London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]
Bidding war on the cards as Just Eat rejects £4.9bn hostile bid from Prosus October 22, 2019 Just Eat could find itself at the centre of a bidding war after rejecting a hostile £4.9bn bid from investment firm Prosus that threatens to disrupt its merger with Takeaway.com. The firm’s share price leapt 24 per cent to 732.8p despite the rejection in favour of its £8.3bn tie-up with the Dutch Takeaway.com as a [...]