|Bid||9.066 x 300000|
|Ask||9.200 x 300000|
|Day's range||8.972 - 8.972|
|52-week range||5.645 - 9.304|
|PE ratio (TTM)||53.09|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
A ban on "rip-off" surcharges comes into force today in a move that the Government hopes will stop shoppers from being penalised if they're paying with a debit or credit card. Economic Secretary to the Treasury John Glenn says it's a response to public frustration. "I think for too long consumers have been fed up when they get this sneaky charge added to the end of a transaction be it online or anywhere... this ban will go for debit, credit cards and PayPal (TLO: PYPL-U.TI - news) including Amex, so there is no uncertainty," he said.
** Just Eat shares up 5.5%, top of STOXX 600 and FTSE 100 ** Barclays upgrades to 'overweight' from 'equal weight' and lifts PT by 43% ** Broker says JE will have strong revenue momentum into Q4 and FY2018 ...
Customers and consumer groups have rounded on Just Eat (Frankfurt: A1100K - news) after the company imposed a new service charge on its orders ahead of a looming ban on all card surcharges. The takeaway delivery app imposed the 50p cost on all its customers from Monday having previously only applied it to online users. At the same time, the company removed a 50p fee for debit and credit card payments to comply with the change in the law.
London was the top city in Europe for technology investment last year, with more funding going into companies in the British capital than into firms based in Paris, Berlin and the next seven cities combined, data showed on Friday. Tech firms in London attracted 2.45 billion pounds ($3.3 billion) in venture capital funding in 2017, about 80 percent of the 2.99 billion pounds invested in Britain as a whole, according to data compiled by funding database PitchBook for London & Partners. Eileen Burbidge, partner at Passion Capital, said it was no surprise to see London - and Britain - leading the pack because it has both the talent and investor capital needed.
The boss of Uber's restaurant delivery service in Europe is leaving the company, the latest in a string of executives to quit in the wake of its taxi licence being withdrawn by London regulators. Sky News has learnt that Jambu Palaniappan, UberEats' regional general manager for markets including the UK, has resigned to join a venture capital firm. Mr Palaniappan, who has worked for Uber for more than five years, has led UberEats' expansion in UK, where the food delivery operation is now present in more than 40 cities.
Just Eat (Frankfurt: A1100K - news) is to be promoted to the FTSE 100 next month - its market value having soared by more than a third this year on the back of global expansion and a surge in sales. It was confirmed on Wednesday night that the takeaway delivery platform would join the top flight along with packaging firm DS Smith (Frankfurt: 877238 - news) and Halma - a safety solutions specialist. The quarterly review of market constituents by operator FTSE Russell will see Merlin Entertainments (Frankfurt: A1W713 - news) - the company behind Alton Towers and Madame Tussauds - drop out to the FTSE 250 index along with ConvaTec Group (LSE: CTEC.L - news) and Babcock International (LSE: BAB.L - news) .
Germany's Delivery Hero reported a 60 percent jump in third-quarter revenue on Monday, showing no let up in pace of growth of takeaway food apps. UK rival Just Eat is poised to join Britain's prestigious ...
Just Eat (Frankfurt: A1100K - news) 's £200m takeover of takeaway delivery rival Hungryhouse has been given the all-clear by the UK's competition regulator. The Competition and Markets Authority (CMA) confirmed provisional findings to conclude that the deal did not raise competition concerns. It said Hungryhouse was much smaller in size and would find it increasingly difficult to attract and retain customers.
** British takeaway ordering website Just Eat top FTSE midcap gainer after hikes FY revenue guidance, reports Q3 revenue up 47 pct ** FY revenue forecast of 515-530 mln stg, up from previous guidance of ...
McDonald's said customers were showing a strong appetite for its new home delivery service as it revealed the service had been rolled out to more than a fifth of UK restaurants. The fast-food chain said McDelivery - a service offered through the UberEats app - was now available from 270 locations and already accounted for 10% of sales in those sites. Growth in its main overseas markets was "led by continued momentum in the UK and Canada".
LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - The dollar recovered on Thursday, having hit its lowest in more than two weeks as U.S. central bankers showed they were taking a more guarded view of inflation, helped by a steep fall in the British pound. Italian yields were down 3 basis points at 2.14 percent.
The merger of online food takeaway delivery rivals Just Eat (Frankfurt: A1100K - news) and Hungryhouse is on course to be cleared following a provisional ruling by the competition regulator. The Competition and Markets Authority (CMA) announced in May that it was to examine whether restaurants faced the prospect of getting a worse deal under the proposed £200m tie-up - distorting competition in the process. Martin Cave, who chaired the CMA's investigation, said: "We carefully assessed competition in this rapidly evolving industry to make sure this merger would not result in increased prices or reduced quality of offering for either restaurants or their customers.
LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - The dollar sagged on Thursday after the U.S. Federal Reserve showed a more guarded view towards inflation, but that did not derail a rally in stock markets that pushed Asian shares to their highest in a decade. Against a basket of six major currencies, the dollar wallowed at its lowest in more than two weeks after minutes from the Fed's September meeting showed policymakers had a prolonged debate about the prospects of a pickup in inflation and the path of future interest rate rises if it did not. European government bond yields fell broadly in step with U.S. peers, a trend led by Italian yields which were near a three-week low after the government in Rome won support for electoral change likely to penalise the anti-establishment 5-Star Movement.
Germany's Delivery Hero , the world's largest online takeaway food delivery company, reported a 66 percent jump in first-half revenue and sharply narrower losses, after slightly slowing its expansion with a focus on breaking even in 2018. Delivery Hero said it expected revenue of 530-540 million for the full year, slightly above analysts' consensus forecast of around 531 million euros and in the face of headwinds from converting results from other regions into a stronger euros. The first-half revenue growth suggested a slowdown in the second quarter from 90 percent growth in the first quarter, based on previously published figures.
British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat. The funding values the business at more than $2 billion and will allow Deliveroo to enter new markets, enlarge its technology team and expand its concept of delivery-only restaurants run out of centralised kitchens it operates, the company said. The number of Deliveroo locations has risen by 60 percent over the past year and it now operates in more than 150 cities in 12 countries, a spokesman said.
A decision to not renew taxi app's Uber private hire licence in London does not affect takeaway food delivery service UberEATS, an Uber spokesman said on Friday. Shares in rival Just Eat rose earlier on ...
Dutch meal deliveries firm Takeaway.com reported a rise in first-half losses on Wednesday due to a 62 percent rise in marketing costs in Germany and Poland and new investments in delivery services. Shares ...
"We intend to reinvest this revenue outperformance into additional profitable growth opportunities, including further building on the momentum within the business and increased collaboration with branded UK restaurants," Interim Chief Executive and Chief Financial Officer Paul Harrison said. Just Eat did not change its core earnings forecast for the year of 157 million pounds to 163 million pounds. "We continue to drive channel shift and are pleased that 75 percent of total orders are now placed on mobile devices," said Harrison, who will revert to his finance role when Peter Plumb, the former boss of Moneysupermarket.com, takes over as CEO in September.