Just Eat Takeaway com N : Progress on Just Eat Takeaway.com share Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox. Cat Rock Capital, a Connecticut-based activist investor, said in an open letter published on Monday that Just Eat had torpedoed the companys share price by providing a misleading outlook before its $7.3bn (5.7bn) takeover of rival Grubhub in a deal struck in 2020. Registration date22 may 2023 - 18:00 Statutory nameJust Eat Takeaway.com N.V. TitleProgress on Just Eat Takeaway.com share buyback programme 15 May - 19 May 2023 Previous result Comments and questions to newsroom@alliancenews.com. Just Eat had offered more than 2,000 of its UK personnel aworker status that guarantees holiday pay, at least the legal minimum wage an hour worked and other benefits including pension rights. or Just Eat Takeaway.com NV on Wednesday reported a 7.7% fall in gross transaction value for the first quarter of the year against strong comparatives, raised its full-year adjusted Ebitda forecast . With over 692,000 connected partners, Just Eat Takeaway.com N.V. offers consumers a wide variety of food choice. For cost savings, you can change your plan at any time online in the Settings & Account section. June 27, 2023 at 04:34 am. The share buyback, which is a way of returning funds to investors by improving the returns of their holdings, comes as the London and Amsterdam-listed Just Eat faces potential legal challenges from couriers in the UK. Just Eat: Takeaway giant embarks on 132m share buyback scheme after 14 - 03:53:22 2023-07-05 am EDT. The Amsterdam-listed Just Eat Takeaway (JET) was formed in 2020 through the merger of Takeaway.com and its British rival Just Eat. UKshoppers warned of delivery app markup on supermarket goods, Just Eat plans to oust 1,700 couriers in the UK, Co-op hires delivery droids to drop groceries in Greater Manchester, Just Eat senior executive steps down amid misconduct investigation, Bubble bursts for rapid food delivery as UK firms shed workers, Fast food: the new wave of delivery services bringing groceries in minutes, Just Eat Takeaway investors should vote to fire board, says activist shareholder, Just Eat Takeaway considers selling US arm Grubhub as orders fall. Copyright 2010-2023 GBAF Publications Ltd - All Rights Reserved. JET needs a new chief financial officer to restore credibility with the capital markets and a new supervisory board to quickly refocus the business on Europe, use the proceeds of divestitures to strengthen JETs capitalisation, and actively evaluate other strategic options.. The information has been provided by the organisation. Expert insights, analysis and smart data help you cut through the noise to spot trends, Just Eat Takeaway.com N.V. is a leading global online food delivery marketplace. Just Eat Takeaway's share buyback programme. Copyright 2023 MarketWatch, Inc. All rights reserved. Higher prices and. With 692,000 connected partners, Just Eat Takeaway.com offers consumers a wide variety of . However, it announced last month it was scrapping those contracts and making all couriers self-employed in the UK, in line with rivals such as Deliveroo. JUST EAT TAKEAWAY.COM : Buy rating from UBS Just Eat Takeaways largest independent shareholder has said investors should vote to fire the takeaway food websites supervisory board and chief financial officer amid a steady decline in its market value. Acquired by Just Eat Toronto, Ontario, Canada 1001-5000 Post-IPO Equity Public www.justeattakeaway.com 42,293 Highlights Acquisitions 13 Total Funding Amount $2.8B Contacts 3 Employee Profiles 14 Investors 4 Just Eat Takeaway.com NV published this content on 03 July 2023 and is solely responsible for the information contained therein. AMSTERDAM, June 29 (Reuters) - Shares in Europe's largest online meal ordering company Just Eat Takeaway.com (TKWY.AS) hit an all-time low on Wednesday amid dual doubts the loss-making company . The Amsterdam-based food delivery platform said the buyback programme will repurchase, mostly for cancellation, up to 4.2% of its existing shares, based on its closing price on Tuesday in Amsterdam of EUR16.26. Takeaway delivery group reports 14% drop in orders and 8% fall in sales in first quarter of 2023. The information has been provided by the organisation. Just Eat unveils 150m share buyback a month after cutting 1,700 staff Q1 2023 continued to be affected by a difficult pandemic comparison. Just Eat Takeaway.com Q4 2021 Trading Update Just Eat Takeaway investors should vote to fire board, says activist Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. In addition, Just Eat Takeaway.com N.V. provides its proprietary restaurant delivery services for restaurants that do not deliver themselves. It comes as last month Just Eat announced that it would cut 1,700 job roles across its workforce due to a slowdown in takeaway sales. We have always acted in good faith and in line with our obligations with regard to our market communications, including in respect of the Grubhub acquisition., Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Now some couriers are challenging their status in court, after successful legal action by drivers for Uber and similar cases against Bolt, Amazon and Addison Lee. Just Eat Takeaway com N : Progress on Just Eat Takeaway.com share buyback programme 19 June - 23 June 2023. Another shareholder, Lucerne Capital, has also said it will vote against the board and Wissink. We use Under a self-employed system, couriers are able to accept deliveries that work for them. Join over 300,000 Finance professionals who already subscribe to the FT. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Just Eat Takeaway has pledged to buy back up to 150mn worth of shares, seeking to appease investors as orders continue to fall at Europe's biggest food Just Eat Takeaway also said it launched a share buyback programme of up to 150 million euros to be completed by the end of the year, citing an improvement of future earnings per share and covering the companys obligations. The repurchased shares will be used to cover the company's obligations under share-based compensation arrangements or will be cancelled to reduce issued share capital. Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. The Company also confirms that, as described in the prospectus published by the Company on 12 May 2021 (the "Prospectus"), the admission of 62,798,005 New Just Eat Takeaway.com Shares to the . In a research note, Credit Suisse analyst Joseph Barnet-Lamb has maintained his recommendation on the stock with a Buy rating. The information has been provided by the organisation. Robert Vink 1.85K Follower s Follow Summary Just Eat Takeaway has a large stake in iFood worth 3-4 billion. Write to Ian Walker at ian.walker@wsj.com, How to tap into the market's uptrend in the second half of 2023. The programme, which will be conducted by an undisclosed third party, begins on Wednesday and runs until no later than December. Europes biggest meal delivery company expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 275 million euros ($301.6 million) in 2023. Distributed by Public, unedited and unaltered, on 27 June 2023 08:33:10 UTC. Follow us for breaking news and latest updates. PDF Progress on Just Eat Takeaway.com share buyback programme 19 June - 23 Neil Shah, the director of strategy at the consulting firm Edison, said JustEats downturn in orders reflected the fact that delivery services [are] no longer running on the fuel of lockdowns. Just Eat Takeaway.com | LinkedIn The information has been provided by the organisation. These commissioned articles are commercial in nature. The group, formed by the 6bn merger of London-listed Just Eat and Dutch group Takeaway.com last year, said sales soared 54% in 2020 but operating losses mounted to 107m (92m) from 78m a . This new bull market is just getting started. No relief for Just Eat Takeaway shares despite buyback, raised outlook All rights reserved. Just Eat Takeaway com N : Progress on Just Eat Takeaway.com share buyback programme 26 June – 30 June 2023, Progress on Just Eat Takeaway.com share buyback programme 26 June - 30 June 2023, 202307030000000013_Weekly progress on share buyback programme - week 26 June -30 Jun.pdf, JUST EAT TAKEAWAY.COM : Goldman Sachs remains Neutral. Just Eat Takeaway.com N.V. (ENXTAM:TKWY) announces a share repurchase program. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Just Eat Takeaway shares jump after it returns to profit Registration date08 may 2023 - 18:00. 11. Just Eat Takeaway.com N.V. Just Eat Takeaway.com N.V. Below you will find information from the register publication of inside information. Moreover, consumer habits over the past year were impacted by more than just the end of the pandemic. JUST EAT TAKEAWAY.COM : Gets a Buy rating from Credit Suisse The company plans to repurchase ordinary shares in the amount of up to 150M, subject to a number of shares not exceeding the authority granted by the general meeting, which is 10 per cent of the issued shares, the company mentions in a press release. Just Eat Takeaway.com Starts Up to EUR150M Share Buyback Program Just Eat Takeaway.com N.V. mainly collaborates with delivery restaurants. cookies Just Eat Takeaway.com N.V. mainly collaborates with delivery restaurants. The program will expire no later than December 2023. You may change or cancel your subscription or trial at any time online. Just Eat Takeaway com N : Progress on Just Eat Takeaway.com share It then bought Grubhub to give the company access to the huge US market, but the company last week appeared to accept the deal was an error after saying it was looking for a strategic partner or a sale. Just Eat Takeaway.com N.V. mainly collaborates with delivery restaurants. 1 MarketScreener is worth more than 1000 Influencers! 1 MarketScreener is worth more than 1000 Influencers! Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. Just Eat Takeaway also said it launched a share buyback programme of up to 150 million euros to be completed by the end of the year, citing an improvement of future earnings per share and covering the company's obligations. Just Eat Takeaway.com launches EUR150 million share buyback The Company continues to make good progress on delivery-led operational improvements and is now ahead of plan, Jitse Groen, chief of Just Eat Takeaway.com, said. Just Eat unveils 150m share buyback a month after cutting 1,700 staff, Just Eat plans to oust 1,700 couriers in the UK, Just Eat senior executive steps down amid misconduct investigation, Just Eat Takeaway considers selling US arm Grubhub as orders fall, Just Eat joins UK on-demand grocery delivery market with Asda tie-up, Just Eat to create 1,500 jobs at new Sunderland customer service site, Just Eat Takeaway orders soar 76% during six months of Covid restrictions, Britons Just Eat orders nearly double in Covid lockdown, Just Eat Takeaway sales soar 54% in 2020 as pandemic shifts eating habits, $7.3bn (5.7bn) takeover of rival Grubhub in a deal struck in 2020, looking for a strategic partner or a sale. Please seek Professional advice from a qualified professional before making any financial decisions. Just Eat Takeaway.com announces share buy-back programme of up to 150 All rights reserved. Just Eat Takeaway.com N.V. (ENXTAM:TKWY) announces a share repurchase program. Simply log into Settings & Account and select "Cancel" on the right-hand side. In addition, Just Eat Takeaway.com N.V. provides its proprietary restaurant delivery services for restaurants that do not deliver themselves. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. With over 692,000 connected partners, Just Eat Takeaway.com N.V. offers consumers a wide variety of food choice. (modern). Just Eat Takeaway.com NV published this content on 26 June 2023 and is solely responsible for the information contained therein. Previous result. The UK & Ireland region was down 6.3%, while Northern Europe was flat when excluding discontinued operations in Norway, Portugal and Romania. Just Eat Takeaway has pledged to buy back up to 150mn worth of shares, seeking to appease investors as orders continue to fall at Europe's biggest food delivery group. The investor, which owns a 6.9% stake with 14.8m shares, said it will vote against a series of shareholder resolutions at the annual meeting in Amsterdam on 4 May. relationships and build investor experiences. Under the program, the company will repurchase up to 150 million worth of its shares. Copyright 2023 Surperformance. Just Eat Takeaway shares fall 19% to all-time low on doubts over Just Eat Takeaway com N : Progress on Just Eat Takeaway.com share Real-time Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. With over 692,000 connected partners, Just Eat Takeaway.com N.V. offers consumers a wide variety of food choice. Robert Vink 1.85K Follower s Follow Summary I think that multiple companies may currently be considering a bid on Just Eat Takeaway. Next result. Just Eat said that it continues to actively explore the partial or full sale of Grubhub, while cautioning that there is no certainty any deal will be agreed, or any timing thereof. The group also said it was continuing to explore the sale of online food ordering company Grubhub which it acquired in 2021, however noted that there can be no certainty that any such strategic actions will be agreed or what the timing of such agreements will be. Demand for fast food has swiftly transitioned into demand for cheap food the cost-of-living crisis deterring consumers from splashing out on deliveries and the downturn in Just Eats [sales figures] certainly reflect this trend., Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. For a full comparison of Standard and Premium Digital, click here. Premium access for businesses and educational institutions. Shares in Just Eat Takeaway jumped on Wednesday after the online food delivery business swung to a small profit in 2022 and said it expected further growth this year. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. Just Eat Takeaway announces 150mn share buyback as orders fall Check if your MarketScreener with dpa-AFX Analyser 2022. Furthermore, the company said it expected its gross transaction value (GTV) growth to be in a range of -4% to +2% year-on-year in 2023. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. "While the year-on-year GTV decline in Q1 2023 is significant, the comparison is with the quarter with the second highest GTV of the pandemic," commented Chief Executive Officer Jitse Groen. (modern). Below you will find information from the register publication of inside information. Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. Just Eat Takeaway operates as an online food delivery marketplace that focuses on connecting consumers and restaurants through its platform. Just Eat Takeaway.com N.V. mainly collaborates with delivery restaurants. Just Eat Takeaway says it has made good progress on Delivery-led operational improvements and is now ahead of plan. Since its IPO in 2016, Just Eat Takeaway's share price lost close to 30% of its original value. Just Eat Takeaway announces 150mn share buyback as orders fall Under the program, the company will repurchase up to 150 million worth of its shares. The combination of Just Eat and Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in the United States, the United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Poland, Slovakia, Spain and Switzerland, as well as through partnerships in Colombia and Brazil. Just Eat said a revival in its fortunes was on the way led by northern Europe, where sales were flat in the quarter compared with the same period a year ago, and the UK and Ireland, where sales fell by just 1%. U.S. reportedly plans to restrict Chinas access to cloud services. Copyright 2023 Surperformance. Just Eat Takeaway com N : Progress on Just Eat Takeaway.com share ANALYST RECOMMENDATIONS : Amazon, EasyJet, NatWest, Tesla, Walgreens Boots Stifel cuts Croda International to 'hold', US Futures Flat, European Stocks Rise as Economic Outlook Concerns Ease, Turkish food delivery startup Getir to leave Spain - union, JUST EAT TAKEAWAY.COM : Gets a Neutral rating from Bernstein, JUST EAT TAKEAWAY.COM : Gets a Buy rating from Jefferies, UBS cuts BT'; HSBC starts Smiths with 'hold', JUST EAT TAKEAWAY.COM : Gets a Neutral rating from RBC, JUST EAT TAKEAWAY.COM N.V. : Morgan Stanley Berlin Internet Field Trip Conference, JUST EAT TAKEAWAY.COM : Bernstein reaffirms its Neutral rating, Goldman Sachs Begins Just Eat Takeaway.com Coverage at Neutral, JUST EAT TAKEAWAY.COM : Goldman Sachs from Sell to Neutral, JUST EAT TAKEAWAY.COM N.V. : Bank of America C-Suite TMT Conference, Uber Closes Delivery Business in Italy, Mobility Business in Israel, Uber to cease food delivery in Italy, exit Israel, JUST EAT TAKEAWAY.COM N.V. : Barclays European Internet and Emerging Tech Conference, JUST EAT TAKEAWAY.COM : Jefferies keeps its Buy rating, JUST EAT TAKEAWAY.COM N.V. : Annual General Meeting, WEEKLY FORECAST: Dates until May 26, 2023, Amsterdam bans warehouses for delivery services in residential areas, JUST EAT TAKEAWAY.COM N.V. : UBS Pan-European Small & Mid Cap Conference London.
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