June 25, 2017

Just Eat on smaller portions as German rival plans float

Just Eat new logo unveiled in September of 2016
By Just Eat (Just Eat) [CC BY-SA 4.0], via Wikimedia Commons

Just Eat has trialled delivering food by self-driving robots Investors took a chunk out of the value of Just Eat today after a rival takeaway deliveries firm confirmed it would have nearly £400 million of financial firepower to take on the FTSE 250 company.

Delivery Hero unveiled plans for a float on the Frankfurt stock exchange in the next few months, which would raise €450 million (£393 million) to fuel its expansion.

The Berlin-based firm, which is backed by start-up investor Rocket Internet, is one of a number of companies behind takeaway deliveries apps.

It has become an increasingly busy marketplace, but Just Eat’s shares have shrugged off concerns […]

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