JE.L - Just Eat plc

LSE - LSE Delayed Price. Currency in GBp
865.60
-15.00 (-1.70%)
At close: 4:37PM GMT
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Previous Close880.60
Open864.60
Bid863.20 x 0
Ask863.60 x 0
Day's Range848.00 - 874.25
52 Week Range574.40 - 8,150.00
Volume1,774,543
Avg. Volume3,797,120
Market Cap5.873B
Beta (5Y Monthly)N/A
PE Ratio (TTM)149.24
EPS (TTM)N/A
Earnings DateMar 04, 2020 - Mar 09, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est868.56
  • British stocks surge as market fears over China virus ease despite rising death toll
    MarketWatch

    British stocks surge as market fears over China virus ease despite rising death toll

    The FTSE 100 surged on Friday as fears over the coronavirus in China were eased by the World Health Organization.

  • Financial Times

    Opening Quote: regulator review delays Just Eat-Takeaway.com deal

    FT subscribers can  click here to receive Opening quote by email. The decision by UK competition authorities  to launch an eleventh-hour review into Takeaway.com and Just Eat’s £6bn merger has thrown one ...

  • 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.

  • Financial Times

    Takeaway.com and Just Eat delay listing after UK regulator begins review

    Takeaway said on Friday the company will be renamed “Just Eat Takeaway.com” on January 31, and trading in the combined entity’s shares will begin February 3. Trading in the new stock had been expected to begin on Monday, but the deal, one of the biggest in UK technology in recent years, has been thrown into doubt by the Competition and Markets Authority’s decision to open an investigation. The CMA’s probe, which was announced on Thursday, follows a months-long review of Amazon’s planned minority stake in Deliveroo, Just Eat’s biggest British rival.

  • 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.

  • Financial Times

    UK regulator launches 11th-hour review of Just Eat-Takeaway.com deal

    Competition authorities have launched an eleventh-hour review into Takeaway.com and Just Eat’s £6bn merger, throwing one of the UK’s biggest tech deals in recent years into doubt. Both cases centre on whether the deals would prevent a large new entrant from joining the UK’s vibrant food delivery market. The Netherlands-based Takeaway said the CMA was “unexpectedly” assessing whether it would have entered the UK market without the Just Eat deal.

  • Financial Times

    Deliveroo in limbo as rivals and regulators close in

    Deliveroo is facing a funding squeeze at the same time as its biggest British rival in online food apps, Just Eat, has been strengthened by new backing, putting pressure on one of Europe’s most prominent private tech companies. , which has put hundreds of millions of dollars of planned investment from Amazon on hold, for months on end. In the UK, Deliveroo is also facing strong competition from Uber’s Eats division, especially outside London.

  • Financial Times

    Greggs deal with Just Eat heats up UK delivery wars

    Greggs has struck a partnership with Just Eat, preventing delivery rivals Uber Eats and Deliveroo from offering the British bakery chain’s sausage rolls and other products across the UK as restaurant groups reassess their work with the burgeoning sector. Exclusive partnerships have been a popular way for large chains to test the economics of food delivery since Deliveroo and Uber Eats began providing delivery logistics to restaurants that lack their own couriers. “Just Eat seemed to be a better match for us when we were looking at the locations that we had presence in,” said Richard Hutton, finance director of Greggs.

  • 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.