Just Eat Plans to Exit London Stock Exchange Amid Declining Trading Volumes
Just Eat Takeaway, the global online food delivery giant, is set to voluntarily delist its shares from the London Stock Exchange due to persistently low trading volumes. This strategic move marks a significant pivot for the company, indicating its aim to streamline operations and focus on its core markets.
Continue readingJust Eat Enjoys Remarkable Surge Following Grubhub Fire Sale
In an impressive turn of events, Just Eat Takeaway has reported its strongest week of trading since 2022, propelled by the recent acquisition of Grubhub assets at a significant discount. This development follows Grubhub's announcement of a major fire sale, which has not only revitalized interest in the food delivery sector but has also had a profound impact on market confidence in Just Eat's operational capabilities.
Continue readingU.S. Startup Acquires Grubhub from Just Eat Takeaway for $650 Million
In a significant development within the food delivery industry, a U.S.-based startup has completed a deal to purchase Grubhub from Just Eat Takeaway for a reported $650 million. This acquisition marks a pivotal moment as the competitive landscape of food delivery continues to evolve, with potential implications for both companies and their customers.
Continue readingJust Eat Takeaway Faces Decline in Orders Amid Weak US Demand
In a disappointing turn of events for Just Eat Takeaway, the third-quarter results have revealed a significant drop in orders, primarily attributed to diminishing demand in the United States. The food delivery giant, known for its expansive reach across various markets, reported a decrease in order volume that has triggered concerns regarding its growth potential in one of its most crucial markets.
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