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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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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