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Menulog Australia to shut down after two decades, laying off 120 employees; meet founder Leon Kamenev, the Ukrainian refugee who fled the USSR and now owns a A$200 million Sydney mansionFood delivery giant Menulog Australia is ceasing operations on November 26 after nearly 20 years, with parent company Just Eat citing chall...- Prosus 'very confident' of early EU antitrust nod for $4.7-billion Just Eat dealProsus said that it is confident of gaining early EU antitrust approval for its €4.1 billion acquisition of Just Eat Takeaway.com. The deal...
- Prosus surpasses financial targets with $7.4 billion annual earningsProsus reported a 47% rise in full-year core headline earnings to $7.4 billion. The company reported 21% growth in ecommerce revenue. "We a...
- Cooking up a deal: DoorDash's Europe push is fraught with challengesDoorDash is making a significant push into Europe with the $3.9 billion acquisition of Deliveroo, expanding its reach to 40 countries. Mean...
- BDL says Prosus' offer for Just Eat Takeaway is unfair to minority shareholdersThe price should be 56.1 euros per share based on BDL's fair value calculation, it said in the report published on its website. BDL holds 2...
- UK's Deliveroo sees expansion into non-food driving growthThe group, which competes with Just Eat Takeaway.com and Uber Eats in markets in Europe, the Middle East and Asia, said it had launched "De...
- Just Eat raises guidance, but order appetite shrinksEurope's biggest meal delivery company expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 275 mill...
- UK food delivery app Just Eat Takeaway to lay off more than 1,700 courier employeesJust Eat Takeaway said its UK division will stop employing its own couriers -- and instead will only use self-employed gig economy workers.
- Uber raises prices by about 5% in London to attract more driversPrices will increase across the country at different rates depending on the city, Uber said in a statement on Monday.
- EU antitrust agency raids several online food and grocery delivery firmsThe European Commission, which acts as the competition enforcer in the 27-country bloc, did not name the companies or the countries targete...
- European shares climb on Just Eat Takeway.com boostRetail and travel and leisure stocks rose 2.6% and 2.2%, respectively, to led gains among the European sectors.Among single stocks, Just Ea...
- Amazon takes stake in Just Eat's Grubhub to give Prime members accessThe deal is a major relief for Just Eat, whose shares have fallen 70% this year as shareholders demanded it sell or find a partner for Grub...
- Just Eat Takeaway.com is contemplating selling GrubhubThe masses' demands have changed over two years due to the pandemic, and online food delivery demand is waning along with home fitness equi...
- Uber rival Bolt raises $711 million at valuation of over $8 billionWhile Uber is the biggest rival for ride-hailing, Bolt faces competitors in food delivery including Just Eat Takeaway.com and DoorDash, whi...
- European shares inch up, food delivery stocks jumpThe pan-European STOXX 600 climbed 0.1 per cent as of 0821 GMT after jumping 1.4 per cent to its best day in two weeks in the previous sess...
- European shares bounce after volatile weekThe pan-European STOXX 600 edged up 0.7 per cent as of 0818 GMT, with the energy sector climbing 1.4 per cent.
- European stocks inch lower ahead of Powell's speechThe pan-European STOXX 600 index slipped 0.2% in early trading, with travel & leisure and banks leading declines after gaining for much of ...
- Germany's Delivery Hero takes 5.09% stake in rival DeliverooOnline food platforms such as Delivery Hero, Deliveroo, Uber Eats and Just Eat Takeaway.com have benefited from a surge in demand during pa...
- Telecoms lift European stocks after Sunrise buyout offerThe pan-European STOXX 600 was up 0.2%, gaining for a fourth straight session.
- Uber, Postmates agree on $2.65 billion all-stock dealLast week, it was reported that Postmates had revived plans for an initial public offering following dealmaking in the U.S. online food del...
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