|Bid||5,978.00 x N/A|
|Ask||5,981.00 x N/A|
|Day's range||5,789.00 - 6,023.52|
|52-week range||5,202.00 - 9,392.00|
|Beta (5Y monthly)||0.33|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
IPO Edge and The Palm Beach Hedge Fund Association will host a fireside chat with the CEO, President and CFO of GetSwift Technologies Limited (NEO: GSW) on Thursday, October 28 at 2pm EDT to discuss the company’s new Canadian listing, Covid’s impact on the future of delivery, along with global growth partnerships and business development across […]
The chief executive of Just Eat Takeaway.com said on Thursday he expects newly acquired Grubhub to eventually be part of a consolidation in the U.S. delivery market, but signalled he is not currently open to selling the business. "Over time there will inevitably be consolidation in the wider U.S. on-demand delivery market, as various players combine to optimise the last mile," Jitse Groen told investors in a livestreamed presentation. Company management "expects Grubhub to be involved in this consolidation when it comes and intends to do so from a position of strength".
The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic. The industry, which includes the likes of Uber Eats, Just Eat Takeaway and Deliveroo, generally saw share prices spike during 2020 as lockdowns and other restrictions kept people eating at home. "Food delivery app usage has not slowed down, even as consumers return to in-person dining more frequently," said Alisha Kapur of Similarweb, which analyses web traffic and app downloads.