Rapid delivery news & analysis – Page 40
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Analysis & FeaturesJust Eat investors demand larger helping as bidding war escalates
A juicy takeover war was kicked into gear this week as global suitors battle to grab a slice of the booming UK online takeaway delivery sector.
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NewsMedia Bites 24 Oct: Just Eat, Beyond Meat, Impossible Foods, Retail jobs
The hostile suitor trying to buy Just Eat must pay an extra £1bn to take it over, a major shareholder has said.
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NewsUber Eats makes convenience move with Costcutter delivery tie-up
Retailers within the symbol group will be able to sign up to Uber Eats through the Costcutter Supermarkets Group
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NewsMedia Bites 23 Oct: Just Eat, Uber Eats, Tariffs
Naspers, the South African tech conglomerate, has tried to gatecrash a merger of two of Europe’s biggest food delivery groups
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NewsJust Eat rejects new £4.9bn rival takeover bid
Just Eat has announced it has rejected a £4.9bn offer from South African investment firm Prosus, pledging instead to continue with its all-share merger with Dutch contemporary Takeaway.com.
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NewsMedia Bites 22 Oct: Just Eat, Asda, Coty
Slowing order growth in Just Eat’s core business spooked investors yesterday
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NewsJust Eat shares fall despite 25% third quarter sales increase
Investors have been unimpressed despite double-digit increases in orders through Just Eat
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NewsDeliveroo signs up scores of convenience stores and off licences
New partners include Costcutter, Budgens, Nisa and Best One retailers, plus hundreds of non-affiliated independents
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NewsMedia Bites 17 Oct: Asda, Amazon/Deliveroo, Lidl
Approximately 12,000 Asda workers are currently facing the sack next month for refusing to sign controversial new contracts.
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NewsUber Eats adds KFC restaurants in trial across London
Uber Eats’ food delivery app is now available in more than 100 towns and cities across the UK
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NewsMedia Bites 3 Oct: Deliveroo, Tesco, Tariffs
Deliveroo has seen revenues jump 72% in 2018 but losses widened 17% to £232m as the ride haling app invested into new markets and competitiveness in challenging areas. Revenues came in at £476m but operating expenses surged to £349.4m from £106m the previous year (The Financial Times ...
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NewsDan Winn promoted to chief technology officer role at Deliveroo
Winn is being promoted from the role of VP of engineering, a position he has held since joining Deliveroo in October 2018
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NewsMedia Bites 3 September: Biscuit International/Fox’s, Just Eat, M&S
Buyout firm Towerbook is reported to be talks to merge Biscuit International (BI) and Boparan Holdings-owned Fox’s to create a European biscuit giant.
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NewsMedia Bites 13 Aug: Valeo Foods, Business Rates, Deliveroo
Valeo Foods Group is reportedly in exclusive talks to buy Kettle Foods’ operations in the UK and Ireland
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Comment & OpinionDeliveroo helicopter to offer Londoners in-flight meals
A helicopter dining experience will take to the skies, but no food delivery via chopper just yet
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NewsMedia Bites 6 August: Tesco, M&S/Ocado, Takeaway.com/Just Eat
Usdaw said its Tesco members were ”shocked and dismayed”
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NewsJust Eat merger with Takeaway.com far from delivered
As soon as news emerged of Just Eat’s £9bn merger with Dutch contemporary Takeaway.com speculation started to mount that the agreement could be far from the end of the story.
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NewsMedia Bites 2 Aug: Just Eat, BAT, Brexit
One of Just Eat’s largest shareholders wants a more generous helping from the proposed tie-up between the British fast food app and its Dutch suitor.
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NewsCity snapshot: Just Eat profits plunge as investment hits bottom line
Just Eat has experienced an almost complete wipe out of its first half pre-tax profits as it increased investment ahead of a multi-billion pound merger with Dutch contemporary Takeaway.com. Plus, UK consumer confidence steadies in July, trading updates from Glanbia and Devro and all the rest of the latest news from the City.
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NewsMedia Bites 30 July: Just Eat/Takeaway.com, Beyond Meat, Heineken
Just Eat and Takeaway.com have reached “an agreement in principle” for the Dutch company to take over the UK online food delivery firm, but analysts say the deal is could be hijacked.