Activist investor strikes upbeat tone as Just Eat interim boss rules himself out of the race March 6, 2019 A major Just Eat shareholder who has pressed the company to merge with a rival today welcomed the takeaway giant’s interim boss decision to rule himself out of the race for a permanent chief executive. Activist investor Cat Rock Capital Management, which owns a 1.7 per cent stake in Just Eat, said today that it appreciated Peter [...]
Just Eat warns on profits as it burns cash to compete with rivals November 1, 2018 Online takeaway giant Just Eat's share price climbed this morning, despite a warning to investors that efforts to fight off rivals Deliveroo and Uber Eats would take a chunk out of the company's profits. Branching out into markets in Latin America, investing in its own delivery network and acquisitions are likely to weigh on earnings, the FTSE [...]
30 years since the dawn of the World Wide Web, Britain is still at the heart of tech success March 12, 2019 It has been 30 years since Sir Tim Berners-Lee sat down at his desk at Cern and changed the world with a humble sounding document called “Information Management: A Proposal”. The memo, piloting a system to allow computers to share information via an emerging technology called hypertext, did not catch many people’s eyes as it [...]
Why Domino’s Pizza sell-off was overcooked May 14, 2019 By Graeme Evans from interactive investor. Hungry bargain hunters gobbled up shares in Domino's, correctly betting than an early slump was unfair. After selling 12 pizzas every second on New Year's Day, the rest of 2019 certainly hasn't panned out in the same emphatic fashion for Domino's Pizzaor its investors. Shares slumped as much as [...]
Delivery Hero sells off German operations in €930m deal December 21, 2018 The world's biggest online food delivery firm Delivery Hero has agreed to partially sell its operations in Germany to Dutch rival Takeaway.com, in a deal valued at €930m (£838.3m). The tie-up includes businesses owned by Delivery Hero in the region, including Deliveroo-style app Foodora, Lieferheld and Pizza.de. It brings to an end the expensive battle for dominance of [...]
Could this be the Tesla of mopeds? We test ride the Super Soco CUX April 26, 2019 London’s mopeds have almost entirely avoided electrification so far, owing to the simple fact that they’re as cheap as the Deliveroo chips they carry, and you can run them from here to the moon on a figment of petrol. But as the sword of Damocles hanging over the city’s smog-belching engines looks increasingly precarious, and [...]
Deliveroo set to become unicorn with $385m investment September 23, 2017 Deliveroo has secured $385m (£285.3m) in new funding from two US firms. Stateside investors Fidelity and T. Rowe Price have agreed to put money into the UK-based start-up as part of a deal which values the company at over $2bn (£1.48bn), according to Sky News. The investment means rumours of a Deliveroo IPO are likely [...]
For safety’s sake, we need to rethink our address system April 4, 2019 Back when I worked in the music events industry, a huge part of my time was spent trying to get bands and equipment to the right place, on time. It was far more difficult than I’d ever imagined, and it was painfully clear to me that street addressing is totally inadequate for directing people from [...]
Activist investor launches searing attack on Just Eat over poor returns December 17, 2018 One of Just Eat's shareholders has slammed the company’s management, saying the firm has become the “worst-performing public equity in online food delivery”. Cat Rock Capital, which holds a two per cent stake in Just Eat, urged the board to offload non-core assets, provide a three-year financial plan and change pay incentives for executives in a [...]
Vita Mojo shakes things up with a £10m series A fundraise, backed by Investec November 28, 2018 Healthy food-focused restaurant chain Vita Mojo has raised £10m in a series A fundraising round led by Investec Bank, as it heads for expansion. The firm said it is now "coming out of stealth mode" to help other businesses with its technology, having already signed up a few major customers such as Virgin Active, Chilango and Wokit. [...]