Just Eat Takeaway.com NV faces stormy AGM
The Just Eat annual general meeting is scheduled for Star Wars day: May the Fourth
Company
LON:JET
Just Eat Takeaway.com NV operates a leading global marketplace for takeaway food delivery. Headquartered in London, we use proprietary technology to offer a quick and efficient digital ordering service for 21.5 million customers and 82,300 restaurant partners. The company is a member of the FTSE 100 Index.
69 stories · page 3 of 4
The Just Eat annual general meeting is scheduled for Star Wars day: May the Fourth
Company faced shareholder pressure to revise its strategy after pandemic takeaway boom fades
The company reported huge losses but says profitability is around the corner
About 3.7% of the company's shares are traded on NASDAQ and this had been expected to decline over time.
The takeaway and delivery app says it will heavily invest in its London network for further profits
The food delivery group increased its share of downloads to 27% in the UK in October
Cat Rock Capital said that if Just Eat doesn't get rid of its US arm “it will be clear… that JET management cannot move quickly and decisively enough to compete in a fast-paced sector such as online food delivery”
Orders in the US were up only by 3% while the UK saw a 51% jump
The lowly share price might make the UK takeaway delivery group vulnerable to M&A activity (a takeover, in layman’s language); however, there seems to be little or no appetite for this from JET’s larger US or South African rivals
“We finally heard from the Fed Chairman and the markets loved it," declared Fawad Razaqzada at ThinkMarkets.
Inclusion in the FTSE 100 is good for a stock thanks to index-tracking funds but how does a stock make it into the blue-chip index?
Somewhere, a US private equity company is probably preparing a bid for the entire FTSE 100. “I tell you what, buddy, I’ll take the whole lot off your hands for one trillion of your English pounds.”
It is moving its operation from India and Bulgaria, creating up to 1,500 new jobs in the process
The UK delivered a record performance in the first six months of the year
Credit Suisse hass earmarked Just Eat's shares to outperform
Putting a CEO's nose out of joint is seen as the job of activist investors. Some appear not to like it when a CEO muscles in on the game.
Cat Rock Capital, which owns a 4.7% stake in the food delivery firm, said the group should look at strategic options including divestments or a merger with a rival, adding that if nothing is done the company could be vulnerable to a cheap o
Takeaway food order numbers jumped 51% in the first half and for the full year are expected to increase “more than 45%”
Vaccination changes might won’t come quickly enough for this summer say analysts
JPMorgan quickly revised down its rating on the Anglo-Dutch takeaway technology group