TKWY.AS - Takeaway.com N.V.

Amsterdam - Amsterdam Delayed price. Currency in EUR
74.58
+0.04 (+0.05%)
As of 4:47PM CEST. Market open.
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Previous close74.54
Open76.24
Bid0.00 x 0
Ask0.00 x 0
Day's range74.58 - 79.60
52-week range58.80 - 99.20
Volume370,639
Avg. volume803,148
Market cap4.565B
Beta (5Y monthly)0.46
PE ratio (TTM)N/A
EPS (TTM)-1.99
Earnings date13 Feb 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est61.81
  • Online meal delivery firms knocked off course by coronavirus crisis
    Reuters

    Online meal delivery firms knocked off course by coronavirus crisis

    The lockdown of millions of people at home across the globe due to the coronavirus should have been the perfect recipe for success for the burgeoning online meal delivery market. While many restaurants have switched to offering takeaway, giving the online services a bump in members signing up, some of the world's biggest food chains using the apps, such as McDonald's and Wagamama, have closed in the United Kingdom for the time being. Data from SimilarWeb, which tracks downloads and use of smartphone apps and websites across key European markets, highlights the scale of the slowdown across Europe as the pandemic spread and governments ordered people to stay at home.

  • Meal Kits Are the Next Best Thing in Covid-19 Pandemic
    Bloomberg

    Meal Kits Are the Next Best Thing in Covid-19 Pandemic

    (Bloomberg Opinion) -- A whole generation of tech startups was built on the premise that the most lucrative business models aim to connect people or businesses on one side of the marketplace with people or businesses on the other side.Whether Tinder, Uber Technologies Inc. or Airbnb Inc., the platform theory held that acting as a facilitator for someone else’s offering meant you could scrape off commission while maintaining an asset-light business whose low operational costs rewarded you with high profitability. But no one foresaw an event that would shut down a whole side of the marketplace, and the coronavirus pandemic has done just that. For Airbnb, self-isolation means that nobody is travelling. There is plenty of supply with millions of listings still on the site, but the demand has all but evaporated. The same goes for Uber rides.In food delivery, it’s the supply side that has difficulties. On the whole, services like Uber Eats, Grubhub Inc., Deliveroo and Just Eat Takeaway depend on existing restaurants to cook meals. But for many, if not most, of those restaurants, the main business was still preparing food for on-site dining. Now that’s not possible in the U.K., France, Italy and elsewhere, continuing to operate as a delivery-only operation fundamentally changes the economics of the business: Restaurants still have operating costs, except now they might have to direct a quarter of their income to the food delivery platforms. Many have simply shut their doors completely because they can’t make it work. Chinese delivery platform Meituan Dianping is already feeling the impact, as my colleague Tim Culpan wrote yesterday. (Uber Eats and Grubhub are trying to counter the trend by subsidizing some restaurant costs.)Which is why companies like HelloFresh SE and Blue Apron Holdings Inc., long the subject of Silicon Valley derision, suddenly seem to have very sensible business models. On the surface, they are similar to the food delivery platforms: They too deliver food.The difference is that, because they deliver meal kits they put together in their own kitchens, they control the supply, whereas a firm like Deliveroo has to worry about ensuring it has enough restaurants and customers. HelloFresh’s concern is simply demand. Even then, there’s less need for as high a density of demand than for takeaway food — though of course it helps. Because customers cook the meals themselves, there’s less anxiety about a dish congealing in the panniers of a moped. While Deliveroo has started operating some of its own kitchens, it still has to compete with Grubhub, Just Eat Takeaway and Uber Eats on two fronts. HelloFresh can concentrate on one: customers.The upshot is that business is soaring for the meal-kit firms. HelloFresh said Monday it’s expecting first-quarter sales of between 685 million euros ($750 million) and 710 million euros, up from 420 million euros a year earlier. Analysts had been expecting revenue of 553 million euros. The company anticipates adjusted first-quarter Ebitda of as much as 75 million euros — in just three months, it's set to make about three quarters of the profit that analysts had anticipated for the full year. Uber, which isn't expected to be profitable at all on a similar basis until 2022, has seen just a 10% jump in U.S. orders at its food delivery business, according to The Information.HelloFresh stock is up 70% this year, valuing the Berlin-based firm at 5.2 billion euros — more than Grubhub or grocers Casino Guichard Perrachon SA and Wm Morrison Supermarkets Plc. Beleaguered Blue Apron’s shares have jumped more than fourfold from a March 13 low, giving it a $156 million market capitalization, though its ability to capitalize on surging demand is more limited — it has been cutting costs in recent months. Meanwhile HelloFresh is expanding: It plans to add 400 employees at a site in Oxfordshire, near London, according to the BBC.Silicon Valley dogma tends to dictate that assets are bad. But in some instances, more control over the factors of supply can be very satisfying indeed.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Even Food Delivery Is Getting Hit in Virus Siege

    (Bloomberg Opinion) -- The various levels of lockdown and quarantine across China haven’t proven a golden opportunity for the biggest food delivery and bookings company, a warning for on-demand service providers elsewhere as more of the world stays at home to avoid the coronavirus.Meituan Dianping says it will post a loss for the first quarter ending Tuesday following a decline in revenue. The Beijing-based company’s business consists of three main divisions — food delivery, restaurant and travel bookings, and other services such as car hailing, bike rental and groceries.Bookings, which account for around 23% of revenue, took the biggest hit. That was predictable. Consumers aren’t keen to take a seat at a restaurant or a night at a hotel amid a deadly disease outbreak, and widespread travel curbs meant moving around China wasn’t an option.Food was more of a surprise. Two months ago amid the Lunar New Year break, I theorized that such deliveries  — at 56% of Meituan’s revenue — might bounce back quickly as customers opted to stay in rather than eat out. I was wrong.Thousands of vendors on Meituan’s platform were forced to close either voluntarily or by mandate, and thus couldn’t provide meals. Those who did stay open were often met with fear and complications on the demand side.Many customers had concerns not only over the safety of meals coming from restaurants, but the drivers who delivered them. Those still willing to order online were met with layers of challenges as local governments, neighborhoods and buildings exercised strict controls over who could come and go. There was no supply bottleneck for drivers; Meituan noted plenty of capacity on hand.Three weeks ago, Alibaba Group Holding Ltd. said that its own courier and food delivery services, Cainiao and ele.me, were back to full staffing. But the food business was still down because many restaurants remained closed.An upside has been grocery delivery. Meituan’s two services, self-operated and marketplace, have seen strong growth during the crisis, a trend that echoes what Alibaba experienced with its Freshippo service. In many cities, consumers either cannot or prefer not to step out to shop. They’re apparently less afraid of groceries brought to their door than fresh-cooked meals.Even as China returns to a certain level of normalcy, food delivery may struggle for another few months. Most companies are maintaining degrees of isolation, such as working from home or rotating shifts. Taking lunches to places of business is normally an important part of the consumption scenario.  As investors start to ponder the outlook for Delivery Hero SE, Just Eat Takeaway, and GrubHub Inc., they’d do well to look at how their China peers have fared during the virus battle. Collectively, these companies get most of their revenue from Western markets that are now imposing lockdowns to battle the pandemic. They’re implementing contact-free and non-cash deliveries to make customers feel safe.That may not be enough. While it’s true that people still have to eat, China’s experience shows that this doesn’t mean consumers will necessarily order delivery or that restaurants can supply them.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Takeaway.com allows some Dutch restaurants a freeze on payments

    Takeaway.com, Europe's largest online food ordering service, said on Monday it will grant a delay in payments for Dutch restaurants on its platform that have been hurt by fallout from the global coronavirus outbreak. Takeaway said in a statement that it expects about 20% of restaurants on its platform will ask for the exemption. It said that around 2,000 new restaurants have signed up for its services since the Dutch government ordered restaurants to close to the public earlier this month.

  • Just Eat cuts its take for 30 days to help restaurants during the COVID-19 crisis
    TechCrunch

    Just Eat cuts its take for 30 days to help restaurants during the COVID-19 crisis

    U.K. takeout marketplace Just Eat has announced a 30-day emergency support package for restaurants on its platform to help them through disruption caused by the coronavirus crisis. From tomorrow (March 20) until April 19 the package -- which Just Eat says is worth £10 million+ -- will see funds directed back to U.K. partner restaurants in the form of a commission rebate of one-third (33%) on all commissions paid to Just Eat by restaurants; and via the removal of commissions across all collection orders, which it intends to help reduce pressure on restaurants’ delivery operations, where collection is still available. Currently Just Eat has around 35,700 restaurants on its platform in the U.K., with delivery available to 95% of U.K. postcodes.

  • As the stock market crash continues, I’d invest in these FTSE 100 winners
    Fool.co.uk

    As the stock market crash continues, I’d invest in these FTSE 100 winners

    The stock market crash continues. But I'm betting on these stocks (and companies) that are racing ahead.The post As the stock market crash continues, I'd invest in these FTSE 100 winners appeared first on The Motley Fool UK.

  • Uber Eats waives delivery fee for independent restaurants as virus spreads
    Reuters

    Uber Eats waives delivery fee for independent restaurants as virus spreads

    Uber Eats is the latest aggregator to suspend commission from restaurants hit by the coronavirus outbreak, following in the footsteps of GrubHub Inc and Postmates Inc. Takeaway.com, Europe's largest online food ordering and delivery service, said on Monday it had seen a surge in restaurants signing up on its platform in the Netherlands in the wake of a government-ordered restaurant closure. GrubHub on Friday said it expected dine-in traffic in U.S. eateries to reduce by 75% over the next few weeks.

  • Reuters

    Takeaway.com: 'No-touch' delivery in response to coronavirus

    The move follows similar steps taken by competitors in China and the United States. The company "provides delivery without physical contact as of today," it said. The measure goes into effect throughout Europe as of Friday, Takeaway said.

  • Takeaway Starts Arbitration With Delivery Hero Over Share Plan
    Bloomberg

    Takeaway Starts Arbitration With Delivery Hero Over Share Plan

    (Bloomberg) -- Just Eat Takeaway.com NV, the food delivery company formed out of a merger earlier this year, has started arbitration proceedings against shareholder and rival Delivery Hero SE.It said in a statement that Delivery Hero broke a relationship agreement when the company announced plans to purchase shares in Takeaway last month. Takeaway has initiated the arbitration with the International Chamber of Commerce, a business group with members in more than 100 countries, which also handles corporate disputes.In 2018, Takeaway agreed to buy Delivery Hero’s German operations for about 930 million euros ($1.03 billion) in cash and shares, giving the firm an approximately 18% stake in its Dutch rival. As part of the deal, Delivery Hero entered into a so-called standstill agreement, promising not to increase its exposure for four years, with some exceptions to prevent dilution.Delivery Hero said in April, after Takeaway won the bidding war for Just Eat, that it would enter into a forward share purchase to restore its exposure in Just Eat Takeaway.com to about 10.6%, following the dilution that had been caused by the merger.But during Takeaway’s negotiations for Just Eat last year, Delivery Hero caused controversy by selling about 3 million of its Takeaway shares, hurting the stock price and lowering the value of its bid.Takeaway Chief Executive Officer Jitse Groen called Delivery Hero’s plans to increase its stake “puzzling.”A spokesperson for Delivery Hero didn’t have an immediate comment.The ICC Court of Arbitration handles 800 to 1,000 cases annually, making it the largest party for international commercial dispute resolution.\--With assistance from Sarah Syed and Ellen Proper.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Ice Cream and Thai Curries Are About to Fly Through Irish Skies
    Bloomberg

    Ice Cream and Thai Curries Are About to Fly Through Irish Skies

    (Bloomberg) -- In the suburbs of Dublin on a windy, overcast day in January, several alumni of Airbus and the U.K.’s Royal Air Force watched as a flying object, shaped a bit like a crouching frog, hovered about 10 meters (33 feet) up in the air.The craft, called MNA-1090, opened its cargo bay door, and lowered a package — about the size of a shoebox — to the ground on a string. The robotics engineers who’d helped design the vehicle opened the carton, looked inside, and smiled: the dozen-or-so pots of Ben & Jerry’s ice cream were still perfectly frozen.In late March, customers on the outskirts of Dublin, far from the dense metropolises that make services like Uber Eats and Deliveroo viable in terms of revenue, will get to try ordering food and drink the same way. Manna.aero built the MNA-1090 drone to be an airborne replacement for the human-and-bicycle formula used the world over by food-delivery apps, and is preparing to run a couple of hundred test flights per day over several weeks to lay the groundwork for a permanent service for small Irish towns. Ben & Jerry’s, U.K. food delivery firm Just Eat Plc, and local Irish restaurant chain Camile Thai are signed up to participate in the pilot that will take place at the University College Dublin campus.“In five years, it’s going to be the most normal thing you can imagine,” Manna Chief Executive Officer Bobby Healy says.If you live in a city, having a hot meal delivered to your doorstep in under an hour has never been easier or cheaper. For about the price of a small coffee, a human being will cycle to a restaurant, collect your freshly baked pizza and bring it to your apartment. Innovations in smartphones, mapping and gig-economy logistics have catalyzed growth of the sector, which research firm Frost & Sullivan estimates will be worth $200 billion by 2025.But the margins are tiny for the companies handling the delivery, and the competition fierce. In October, Grubhub Inc. executives told shareholders they didn’t believe it was even possible to generate significant profit from food delivery. The cost of paying people to drive food around was just too much, they said.Companies are looking for an alternative, and a roster of investors believe Healy might have a model that could work: a drones-as-a-service for restaurants and delivery apps.Here’s how Healy said it will work: Manna will partner with restaurants or food courts that have a high-throughput of orders and a small outdoor space to house a drone-loading team. The Manna craft itself is about the size of a computer printer and will carry meals weighing around 2 kilograms (4.4 pounds) more than 2 kilometers (1.2 miles) in under three minutes, even in wind and rain.Upon arriving at its destination, the drone will hover and wait for the customer to accept delivery using an app, having indicated when ordering exactly where they want their food to land — on the lawn, an outdoor dining table or just in the driveway. The drone will descend and lower the food parcel that, Healy said, will still be “piping hot.”Manna’s vehicle has been designed to travel for 100 million hours without a problem, Healy said in an interview. But, alongside space for three 10-inch pizzas, it also has a backup battery and two parachutes, just in case.The 51-year-old Irish entrepreneur is a mobility veteran: In 2003, he sold off travel software firm Eland Technologies to industry titan Sita.Aero. He then helped build CarTrawler into a transportation platform used by more than 100 international airlines. Healy’s got some well-known names putting $5.2 million behind Manna, including billionaire Peter Thiel’s Founders Fund, Dynamo venture capital, and FFVC, among others.For food platforms, Manna says the service is more than just a gimmick — it will lower delivery costs and allow them to scale to currently under-served suburban areas in a profitable way. Healy said Manna’s drone delivery will cost platforms $3 to $5 per delivery.Fabricio Bloisi, CEO of online delivery platform iFood in Brazil, said the use of drones is a “great breakthrough” for the industry because of their efficiency and ability to travel relatively large distances. He said his company’s working with Sao Paulo-based Speedbird to reduce delivery time by combining the use of drones with bicycles and motorbikes.Uber’s testing a drone for food delivery in the San Diego area, and Alphabet Inc.’s Wing is already delivering coffee, food, medicine and household items directly to homes in Finland, Australia and the U.S. state of Virginia.Amazon.com Inc.’s also developing its Prime Air service, with a view to delivering parcels, not necessarily food, of up to five pounds via drone. The company’s bidding for a stake in the U.K.’s Deliveroo.Healy isn’t worried. He’s pitching Manna as a business-to-business company, where its drones are used by food delivery companies, not end consumers. To the entrepreneur, Wing isn’t his rival. “We’re arming their competitors.”Still, not everyone is so rosy about the drone delivery trend. In a sign of how divided views are on the technology, Dutch food delivery firm Takeaway.com NV — which recently bought Just Eat, one of Manna’s partners for the March pilot — said it thinks drone delivery for food is a “fantasy.”“We just don’t see any way how it can work currently from a technical perspective,” said Joris Wilton, a spokesman for Takeaway. “We will not be investing in developing it in-house.”Miki Kuusi, co-founder and CEO of Helsinki-based food delivery company Wolt, said his company has tested drone deliveries, but, “it’s been more PR than actually about a business case.”That partly has to do with complexities around picking up the food orders, he said. Drone services have to be deeply integrated with the restaurants to ensure that drones are loaded in the right way, something “most restaurants in a hectic environment are not equipped to do.”Then there’s the tricky issue of regulation. Airspace authorities have tightened restrictions on drone usage as their popularity with consumers and troublemakers has grown. People also express discomfort at the idea of machinery whizzing above their homes — both for privacy and safety reasons. Add to that the complexity of hauling hot food in the sky over several kilometres and it’s an uphill battle for any startup to launch a service.Healy recognizes that changing the industry won’t come overnight, given the need to safely test the technology, get approvals from regulators at each new stage as well as from the local communities.Still, he expects to have completed between 20,0000 and 50,000 successful deliveries by year-end.“With this industry it’s ‘crawl, walk, run,’” Healy said, “and we want to crawl for a little while, we want everyone to feel good about it.” To contact the author of this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editor responsible for this story: Nate Lanxon at nlanxon@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • I think this could be the FTSE 100’s biggest growth stock. Here’s what I’d do now
    Fool.co.uk

    I think this could be the FTSE 100’s biggest growth stock. Here’s what I’d do now

    In an exciting new market, I think this FTSE 100 (INDEXFTSE: UKX) giant could be set for strong growth in the next few years, but would I buy.The post I think this could be the FTSE 100's biggest growth stock. Here's what I'd do now appeared first on The Motley Fool UK.

  • Takeaway reports core profit, 79% revenue jump, as Just Eat buy looms
    Reuters

    Takeaway reports core profit, 79% revenue jump, as Just Eat buy looms

    Just Eat Takeaway.com NV, the Dutch-based online food ordering service, on Thursday reported strong revenue growth and a small core profit for 2019, the last year before its takeover of larger British peer Just Eat PLC. Takeaway, which declared its $7.8 billion takeover of Just Eat unconditional in January, reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of 12.3 million euros ($13.4 million) after a loss of 11.3 million a year earlier.. Takeaway is awaiting final approval of its Just Eat buy from Britain's Competition and Markets Authority (CMA).

  • Delivery Hero to buy 8.4 million additional shares of Just Eat Takeaway.com
    Reuters

    Delivery Hero to buy 8.4 million additional shares of Just Eat Takeaway.com

    Food delivery giant Just Eat Takeaway.com was forged by Dutch online service Takeaway's $7.8 billion (£6.01 billion) acquisition of British food deliverer Just Eat. The forward share purchase will restore the German-based company's exposure in Just Eat Takeaway.com to 10.6% after the dilution caused by the merger, Delivery Hero said.

  • Takeaway buys Just Eat for $7.8 billion, must wait to merge operations
    Reuters

    Takeaway buys Just Eat for $7.8 billion, must wait to merge operations

    Dutch online food ordering company Takeaway.com on Friday declared its $7.8 billion takeover of British peer Just Eat unconditional, though the two companies still need a competition authority's approval before merging operations. Takeaway said in a statement that shares in the combination will begin trading on the London Stock Exchange on Monday, Feb. 3. Takeaway said it expects that to happen on March 5.

  • Just Eat sees 2019 earnings in line, partners McDonald's in UK
    Reuters

    Just Eat sees 2019 earnings in line, partners McDonald's in UK

    Just Eat , the British takeaway delivery platform being bought by Takeaway.com , said it expected to report 2019 core earnings of about 200 million pounds ($263 million), towards the top of its guidance range of 185-205 million. The company also said on Tuesday it had agreed to partner fast-food chain McDonald's in Britain and Ireland, becoming the group's second delivery provider after Uber Eats. Netherlands-based Takeaway beat rival Prosus to buy Just Eat in a 6.2 billion pound all-share deal that will create one of the world's largest meal delivery companies.

  • Bloomberg

    Big Tech Gets Put on Guard by Antitrust Police

    (Bloomberg Opinion) -- When the world’s competition police reflect on big tech’s dealmaking over the past 15 years, you could forgive them for wondering what might have been. If Facebook Inc. hadn’t acquired WhatsApp or Instagram, or if Google hadn’t bought YouTube or DoubleClick, would there be stronger competition for the two Silicon Valley firms?It certainly seems that regulators, particularly in the U.K., are eager to avoid repeat scenarios where companies grab outsize control of an emerging market before it’s clear exactly how important or big that market may be. That’s why a 6.1 billion-pound ($8 billion) food delivery takeover may have broader implications for tech giants’ dealmaking-to-come.Britain’s Competition and Markets Authority is reviewing the Dutch firm Takeaway.com NV’s planned acquisition of Just Eat Plc, the U.K.’s online marketplace for restaurant delivery. It’s a remarkable step, given that Takeaway.com no longer has a British business, and so the two firms don’t currently compete, at least not in the U.K. The regulator, the CMA, is instead pondering hypotheticals. It’s deliberating whether, without a deal, Takeaway.com might still otherwise enter the market and add a healthy dose of competition.The move underscores a recent approach that could make it more difficult for tech giants to make acquisitions, even small ones. (Together, they’ve bought more than 250 companies in the last six years.) Companies might not obviously compete with the firm acquiring them, but the U.K. watchdog is increasingly taking into account the possibility they could become a competitor at some later stage. It seems to have listened to the findings of the government-commissioned review into digital competition last year by Jason Furman, previously economic adviser to former U.S. President Barack Obama, which recommended that the CMA should take “more frequent and firmer action to challenge mergers that could be detrimental to consumer welfare through reducing future levels of innovation and competition.”Across the Atlantic, DNA-sequencing firm Illumina Inc.’s scuppered $1.2 billion acquisition of smaller peer Pacific Biosciences of California Inc. also illustrates the challenge. Both firms are active in slightly different parts of the market, so do not directly compete: Illumina currently focuses on so-called short-read sequencing platforms, while PacBio’s expertise is in long-reads. Yet antitrust authorities in both the U.K. and U.S. pushed back against the deal because of concerns that Illumina would decide against developing its own long-read offering further down the line, according to Bloomberg Intelligence analyst Aitor Ortiz. The firms called the deal off earlier this month.It’s healthy that technology deals are likely to attract more scrutiny. Acquisitions sometimes look like a catch-and-kill strategy: buying a startup that could become a rival before it's able to do so without necessarily using it to augment the business directly. For example, back in 2017, Facebook bought the fast-growing teen app tbh, before shutting it down just eight months later, citing low usage.But doing so presents a potential challenge for the CMA: ensuring that the U.K. remains an attractive place to found technology firms. Venture capitalists and big companies themselves often argue that a lot of startups are founded with the intention of ultimately selling themselves to a larger rival. If that exit strategy disappears, runs the argument, then they might decide to set up shop elsewhere.So far, it’s too early to determine whether that argument has any merit. And analysts still expect the Takeaway.com-Just Eat deal to complete, albeit with a slight delay. But because the CMA has the authority to impose remedies without a court case, unlike the U.S.’s Federal Trade Commission, technology firms have good reason to be wary.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • What to Watch: PMI boost, Just Eat probe, European stocks rebound
    Yahoo Finance UK

    What to Watch: PMI boost, Just Eat probe, European stocks rebound

    A daily overview of the top business, market and economic stories you should be watching today in the UK and abroad.

  • UK regulator to probe £6bn Takeaway.com acquisition of Just Eat
    Yahoo Finance UK

    UK regulator to probe £6bn Takeaway.com acquisition of Just Eat

    The Competition and Markets Authority said that it was investigating whether there could be a competition issue with the deal.

  • FTSE 100 powers through as WHO tempers China virus fears
    Reuters

    FTSE 100 powers through as WHO tempers China virus fears

    The FTSE 100 ended a four-day losing streak to rise 1%, but worries over the spread of the virus have spoiled risk appetite in the past few days and dragged the index to its worst weekly performance in nearly two months. The FTSE 250 also firmed 1%, getting a further boost as early readings of the IHS Markit/CIPS UK Purchasing Managers' Index (PMI) showed Britain's vast services sector returned to growth in January for the first time since August. Global headlines were dominated by the new coronavirus which has killed 26 people and infected more than 800 so far.

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