Just Eat shares pop on $7.3bn deal for Grubhub June 11, 2020 Shares in European fast food giant Just Eat Takeaway are rising as investors take stock of its latest move to buy US rival Grubhub for $7.3bn (£5.8bn). If completed, the all-stock deal would create the world’s largest food delivery provider outside of China. Just Eat’s share price rose 3.4 per cent before midday today, hitting [...]
The Sunday Times Rich List will steal the show, but it should be those at the top of philanthropy who earn our admiration May 22, 2021 The Sunday Times Rich list was published yesterday with much fanfare. As well as the customary intrigue about who made it and who didn’t, who is up and who is down, another ranking, the Giving List, will also be published. It lists philanthropists according to the percentage of wealth they have given away. Whereas once [...]
Shortsellers increase bets against Just Eat amid competition from Uber and Deliveroo April 29, 2019 Hedge funds have ramped up their bets against FTSE 100 giant Just Eat in recent months as they look to cash in on shareholder disruption and a slowdown in growth at the online takeaway player. The food delivery firm, which has been facing investor unrest in recent months as it fights to protect its market share against the [...]
DEBATE: With Uber drivers striking over pay and conditions, is the gig economy bad news for workers? May 9, 2019 With Uber drivers striking over pay and conditions, is the gig economy bad news for workers? Dalia Gebrial, researcher on the gig economy and workers’ rights at the London School of Economics, says YES. The gig economy is currently rigged against workers. Platforms like Uber hide behind their status as tech firms, rather than employers, to [...]
Restaurants hit out at delivery platform fees during lockdown May 13, 2020 Restaurant industry experts have hit out at takeaway delivery companies during the coronavirus outbreak, saying Deliveroo, Just Eat and Uber Eats make more than £1bn a year in fees through UK restaurants. A study found that three in five consumers have tried to support their favourite local restaurant during the lockdown by ordering through an [...]
Does big tech have a blind spot? August 5, 2021 The giants of Big Tech have emerged as the undoubted corporate victors of the past decade. Throughout that period, companies like Amazon, Facebook, and Google dominated the global marketplace, capturing ever-larger market shares and destroying upstart competitors in their way. These firms built impressive businesses, and investors rewarded their achievements with doubly impressive valuations: the [...]
Exclusive: A heavy metal drummer working to infuse rhythmic harmony into the payments space May 3, 2021 Meet Tom Cregan, a heavy metal drummer and martial arts enthusiast who is on a mission to infuse rhythmic harmony into the world of global payments. The managing director and CEO of digital payments giant EML’s favourite part of any day as chief executive is, what he calls, finding a ”1+1=5 moment” by thinking and [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Electric chauffeur service Havn launches in London March 3, 2020 An all-electric premium chauffeur service that gives passengers the options to adjust playlists, temperature and chauffeur interaction launches in London today. Havn launches with a fleet of all-electric Jaguar I-PACEs which can be booked via an app or an online portal. The service is backed by Jaguar Land Rover’s investment vehicle Inmotion. Unlike similar ride-hailing [...]
Law firms are at risk of falling behind in the race for innovation April 23, 2021 “Move fast and break things” is one of the better known corporate mantras. The company which coined it – Facebook – has achieved incredible growth in living by it. It is not the only way for businesses and industries to grow. The legal services industry, worth $650bn globally, continues to grow at 4 to 6 [...]