JE.L - Just Eat plc

LSE - LSE Delayed price. Currency in GBp
872.20
+16.60 (+1.94%)
At close: 4:39PM GMT
Stock chart is not supported by your current browser
Previous close855.60
Open856.00
Bid873.40 x 0
Ask873.60 x 0
Day's range848.60 - 876.40
52-week range574.40 - 8,150.00
Volume674,585
Avg. volume3,733,978
Market cap5.958B
Beta (5Y monthly)0.96
PE ratio (TTM)150.38
EPS (TTM)5.80
Earnings date04 Mar 2020 - 09 Mar 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est868.56
  • The Just Eat share price: is it time to just buy?
    Fool.co.uk

    The Just Eat share price: is it time to just buy?

    With a merger in progress, can you get ahead with a profit if you buy Just Eat shares right now?The post The Just Eat share price: is it time to just buy? appeared first on The Motley Fool UK.

  • McDonald's partners with Just Eat for nationwide UK delivery service
    Yahoo Finance UK

    McDonald's partners with Just Eat for nationwide UK delivery service

    McDonald’s is teaming up with Just Eat as its second official partner to provide its McDelivery service across the UK and Ireland.

  • 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.

  • 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.

  • Competition inquiry casts shadow over Takeaway's Just Eat deal
    Reuters

    Competition inquiry casts shadow over Takeaway's Just Eat deal

    Dutch food ordering firm Takeaway.com is pressing ahead with its 6.2 billion pound takeover of Just Eat despite a shock last-minute setback when the UK competition authorities said they will probe the deal to create one of the world's largest meal delivery companies. Takeaway said on Friday the investigation by Britain's Competition and Markets Authority (CMA) would only delay completion of the takeover until the end of next week. The probe is the latest twist for Takeaway in its attempt to buy Just Eat, which it first announced in August, and it comes weeks after Takeaway won a months-long bidding war with rival suitor Prosus.

  • Takeaway.com says Just Eat takeover timetable delayed due to UK probe
    Reuters

    Takeaway.com says Just Eat takeover timetable delayed due to UK probe

    Netherlands-based meal delivery company Takeaway.com said the expected timetable for its takeover of British rival Just Eat would be delayed by a week after UK competition authorities said it would look at the deal. Earlier this month, Just Eat's shareholders agreed to the all-stock deal valued at 6.2 billion pounds ($8.2 billion) over a rival bid from tech investment giant Prosus NV.

  • Food fight: UK regulator probes Takeaway.com's takeover of Just Eat
    Reuters

    Food fight: UK regulator probes Takeaway.com's takeover of Just Eat

    The investigation is a blow for the online food ordering company after it fought a prolonged battle with rival Prosus NV to buy Just Eat, the market leader in UK food delivery. The UK's Competition and Markets Authority (CMA) changed its position on the deal and now believes a probe may be warranted, Takeaway said on Thursday, adding that the regulator would be looking into whether it would have re-entered the UK market without the current deal in place. Takeaway said it pulled out of the loss-making UK market in 2016 after struggling with stiff competition.

  • Britain's Greggs to roll out home delivery with Just Eat
    Reuters

    Britain's Greggs to roll out home delivery with Just Eat

    British baker Greggs has joined forces with online food ordering company Just Eat for its latest growth initiative - offering home delivery across the country. Greggs said on Wednesday that following a successful trial in London, Newcastle and Glasgow, it had opted to work exclusively with Just Eat, providing sausage rolls and steak bakes, including vegan-friendly versions, as well as sandwiches and sweet treats, direct to customers' doors. Last week Greggs said it would pay staff a special bonus after a "phenomenal" year that included the launch of the vegan-friendly sausage roll and higher-than-expected profits.

  • Why I’d still buy this UK stock despite shares rising on takeover talks
    Fool.co.uk

    Why I’d still buy this UK stock despite shares rising on takeover talks

    This company's shares are set to jump on the back of takeover rumours, but I think it's good value, sale or no sale, writes Thomas Carr.

  • Takeaway seals victory in $8 billion Just Eat battle
    Reuters

    Takeaway seals victory in $8 billion Just Eat battle

    Online food ordering company Takeaway.com has won the battle for Britain's Just Eat with a 6.2 billion pound ($8 billion) share offer that will create one of the world's largest meal delivery companies. Takeaway said that 80.4% of Just Eat shareholders had agreed to its all-share offer, passing a 50% threshold needed to make the offer unconditional. "I am thrilled," Takeaway CEO and founder Jitse Groen said in a statement.

  • Bloomberg

    Takeaway Wins Bidding War for Just Eat With $8 Billion Offer

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Takeaway.com NV has won a months-long bidding war for Just Eat Plc, ending a contentious battle with Prosus NV and creating Europe’s largest food-delivery operation at a time of heightened competition in the industry.Just Eat investors holding 80.4% of its shares have formally backed Takeaway’s all-stock bid, which values the company at about 6.1 billion pounds ($8 billion), Amsterdam-based Takeaway said Friday, confirming an earlier Bloomberg report.The new venture, which currently has a combined market value of about $14 billion, will merge two European food delivery companies at a time of heightened competition in the industry, with rivals such as Uber Technologies Inc. facing off for a share of the fast-growing sector.Following completion of the merger, Takeaway has pledged to explore exiting Just Eat’s 33% stake in Brazil’s iFood, in which Prosus also invested. Takeaway has said it will return about 50% of the net proceeds to shareholders of the combined group.The new company, based in Amsterdam and listed in London, will be called Just Eat Takeaway NV and be the biggest of its kind in Europe. A key battleground will be the U.K., with Uber Eats and Deliveroo investing heavily in the country and expanding from the logistics of delivery -- getting the food from the restaurant to your door -- to launching rival marketplace platforms that concentrate on aggregating available eateries for users.Takeaway’s victory also means it is buying back it’s first attempt at cracking the U.K. market. It launched in the country in 2012, but sold the business four years later to Just Eat, after struggling with growth.Food FightThe Dutch firm announced an all-stock bid for Just Eat in late July valuing the British company at about 731 pence per share, or 5 billion pounds. Prosus, a spinoff from South African media giant Naspers Ltd., swooped in with a hostile cash offer in October, sparking the bidding war.Following Friday’s announcement, Prosus CEO Bob van Dijk said the company would pursue other alternatives.“Just Eat is not an acquisition we wanted to make at any cost” he said. “While we have significant financial capacity we believe that our final offer of 800 pence per share was appropriate in light of the investment required.”Takeaway Chief Executive Officer Jitse Groen, who will lead the new company, was publicly irritated by the Prosus challenge. When asked about whether he’d have to raise his offer at an industry conference in November, he said “I don’t want to be the idiot that runs into a ratio that doesn’t make any sense.”But after a rejection from Just Eat, Prosus publicly raised its bid twice before Takeaway announced its final offer in December, valued at about 916 pence per share at the time.Prosus had argued it has the resources to make the significant investments in Just Eat necessary for it to stay competitive. But Takeaway’s proposal ultimately won support from shareholders including Aberdeen Standard Investments, which said the stock deal would let it maintain exposure to the fast-growing online food delivery market. Just Eat holders will own 57.5% of the combined entity.Deal WaveThe battle between Prosus and Takeaway is one front in larger, sometimes messy, attempts to consolidate the food-delivery industry. Competition in many markets is fierce and profitability is elusive. London-based Just Eat reported an 8.8 million pound net loss in the first half of the year. Takeaway reported a 37.4 million-euro ($41.5 million) loss for the period.Grubhub Inc. put out a statement Thursday that it “unequivocally” isn’t running a sale process, following media reports that it was considering a potential sale. Still, the reports spurred calls for consolidation from analysts.Read more about the analysts’ calls for industry consolidation here.Amazon.com Inc.’s attempt to purchase a minority stake in U.K. delivery startup Deliveroo has drawn unexpected scrutiny from antitrust regulators and the $500 million deal faces an in-depth investigation from the Competition and Markets Authority.Takeaway spent about $1 billion for the German operations of rival Delivery Hero SE in a deal announced in late 2018. Delivery Hero announced last month that it would take control of South Korea’s biggest food delivery app Woowa Brothers Corp., at a $4 billion valuation. Spanish food delivery startup Glovo has drawn preliminary interest from Uber and Deliveroo, people familiar with the matter had said.The deal activity has also led to overlapping ownership stakes, which caused controversy in the Just Eat deal. Prosus was the largest shareholder in Delivery Hero, which was one of the biggest investors in rival bidder Takeaway.(Adds comment by Prosus CEO)To contact the reporters on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.net;David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Takeaway.com has finally won its battle to acquire Just Eat for £5.9bn
    Yahoo Finance UK

    Takeaway.com has finally won its battle to acquire Just Eat for £5.9bn

    Takeaway.com said that over 80% of Just Eat shareholders had agreed to its all-share offer.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more