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The Latest Breaking News from Just Eat Takeaway

Just Eat Takeaway finalises GrubHub sale after London delisting

The parties said the sale was worth around 650 million dollars (£518 million) in total.

The Independent UK

No need to mourn exit of Just Eat Takeaway from London Stock Exchange

Delivery firm’s time in London will be remembered for hubristic £5.8bn acquisition of US company Grubhub

The Guardian - UK

Just Eat to ditch London listing in bid to cut costs

The delivery giant wants its shares to keep trading on the Amsterdam stock market, the city where it is based.

Evening Standard

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Just Eat to delist from London Stock Exchange to cut costs

Food delivery firm is also listed in Amsterdam and decision is another blow to London market

The Guardian - UK

Just Eat Takeaway scraps its London share listing

The departure of another household name company will add to concerns that London's status as Europe’s pre-eminent financial centre is under threat.

Evening Standard

Wonder Buys GrubHub At Stunning Discount

Just Eat Takeaway agreed to sell Grubhub to Wonder Group for $650 million, after paying $7.3 billion for it in 2020.

International Business Times

Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn

Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn

The Guardian - UK

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FTSE 100 Live 13 November: Smiths and Babcock shares surge, Just Eat sells Grubhub

Buyers targeted the engineering sector today after updates by Smiths Group, Babcock International and GKN Automotive business Dowlais.

Evening Standard

Amazon Expands Partnership With Grubhub With Orders Straight From Amazon App

Amazon Prime membership now includes free access to food delivery company Grubhub's subscription service.

Investors Business Daily

Grubhub cutting 400 people, including workers in Chicago

CEO Howard Migdal said the decision was tough but necessary for the company to pursue growth.

Chicago Sun-Times

Just Eat Takeaway ramps up tech recruitment in London despite drop in orders

Just Eat Takeaway said it was ramping up its recruitment of tech staff in London despite a mass wave of layoffs earlier in the year.

Evening Standard

UK food delivery app to axe more than 1,700 jobs

London (AFP) - Food delivery platform Just Eat Takeaway unveiled plans Tuesday to axe more than 1,700 mostly courier jobs in Britain, as it slashes costs in the wake of huge annual losses.

AFP

Just Eat to lay off 1,700 drivers as slowdown bites

Just Eat Takeaway is to lay off as many as 1,700 delivery drivers as the food delivery business wrestles with a slowdown in demand.

Evening Standard

Grubhub CEO Adam DeWitt to leave firm as owner searches for a buyer

Adam DeWitt, who has been with Grubhub 11 years, including two as chief executive, will leave May 1, to be replaced by an executive with Canada’s SkipTheDishes.

Chicago Sun-Times

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Evening Standard

FTSE 100 Live: Persimmon, Aston Martin and Just Eat post results, house prices fall

Persimmon, Just Eat Takeaway, Aston Martin Lagonda and Reckitt Benckiser are among companies reporting today as the annual results season continues.

Evening Standard

Just Eat Takeaway sells iFood stake in £1.5 billion deal

The company is also under pressure to sell its US arm GrubHub

AFP

Amazon, Just Eat deal to offer free Grubhub delivery in US

New York (AFP) - Amazon Prime customers in the United States will be able to receive a year of free restaurant delivery through Grubhub+ under a deal announced Wednesday by Just Eat Takeaway.com.

Benzinga

Highlights From Amazon-Just Eat Takeaway.com Collaboration

Amazon.com Inc (NASDAQ: AMZN) agreed to acquire a 2%

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The Guardian - UK

Just Eat senior executive steps down amid misconduct investigation

Takeaway group in boardroom turmoil after two bosses exit before annual shareholder meeting

Evening Standard

Just Eat Takeaway COO investigated over ‘personal misconduct’ claim

The company has withdrawn a vote on Jörg Gerbig’s re-election to the board and management team, amid a formal investigation

The Guardian - UK

The only easy decision for Bulb’s future: stop paying its CEO

Failed energy firm poses political puzzle for business secretary with wholesale markets still in turmoil

Evening Standard

Activist targets Just Eat finance chief over ‘betrayal of trust’

Cat Rock wants fellow shareholders to vote against the re-election at the AGM next week

The Guardian - UK

Just Eat Takeaway investors should vote to fire board, says activist shareholder

Cat Rock Capital says Just Eat ‘torpedoed’ share price by providing misleading outlook before Grubhub takeover

The Guardian - UK

Just Eat Takeaway’s US adventure now looks like a terrible mistake

Jitse Groen was over-ambitious with two mega-transactions in quick succession

Evening Standard

Just Eat Takeaway explores GrubHub sale and promises profit as orders fall

Just Eat Takeaway has become the latest company to feel the squeeze from soaring inflation and the rising cost of living as it announced a major shift in its strategy.

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