Just Eat disposes of Benelux businesses
2nd Aug 2016 11:08
(ShareCast News) - Online food delivery service Just Eat has agreed the sale of its businesses in Benelux to Takeaway.com for an enterprise value of €22.5m in cash. The company said 80% is to be paid on completion, with the rest due six months after completion, subject to the satisfaction of certain
Read moreMonday broker round-up
1st Aug 2016 09:49
(ShareCast News) - Thomas Cook: Berenberg reiterates hol d with a target price of 60p. Diageo: JP Morgan maintains overweight with a 2400p target. Indivior: Jefferies reiterates buy with a 330p target. Anglo American: HSBC stays at hold with a 930p target. Just Eat: UBS keeps at sell with a targ
Read moreJust Eat's first half revenues jump as orders rise
28th Jul 2016 11:21
(ShareCast News) - Just Eat, the online food delivery service, reported a successful first half on Thursday with orders increasing 55% and acquisition of more businesses in Europe and the Americas. Revenue increased by 59% to £171.6m and underlying earnings before interest taxes depreciation and amo
Read moreJust Eat sells two Latin American businesses to its Brazil joint venture
20th Jul 2016 08:39
(ShareCast News) - Takeaway food delivery marketplace Just Eat sold two of its Latin American business to its iFood joint venture in Brazil for about $11m. The FTSE 250 listed company sold Hellofood Brazil to IF-JE, the Brazil joint venture with Movile. Just Eat also sold a 49% stake in its Mexico
Read moreMorgan Stanley cuts forecasts for Rightmove, Auto Trader and Zoopla
7th Jul 2016 14:17
(ShareCast News) - Morgan Stanley cut its forecasts and price share targets by varying degrees for internet players Rightmove, Auto Trader and Zoopla, but saw a higher price for Just Eat. UK internet stocks are still benefitting from structural growth, the bank said in a note to clients, also offeri
Read moreJust Eat rolling out delivery robots in London
7th Jul 2016 11:18
(ShareCast News) - Another line of work could soon be displaced by robots, with Just Eat preparing to roll out self-driving delivery vehicles in London. The FTSE 250 firm said the self-driving robots can find their way through city streets at four miles per hours, using GPS technology and onboard se
Read moreTuesday broker round-up:
28th Jun 2016 16:16
(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target price of 1715p. Northgate: Numis reiterates to buy with a target of 500p. Babcock: Credit Suisse
Read moreLondon midday: Banks pace gains following latest Brexit polls
21st Jun 2016 12:11
(ShareCast News) - UK shares recovered after a modest dip at the start of the session, with banks again clocking in with the biggest gains as traders digested another flurry of poll results suggesting Thursday's vote will not result in Brexit. As of 12:00 BST the FTSE 100 was trading higher by 0.03%
Read moreLondon open: Stocks edge lower ahead of Yellen speech
21st Jun 2016 08:14
(ShareCast News) - London stocks began the session trading slightly lower following a surge on the previous day, ahead of a key speech from US central bank chair Janet Yellen scheduled for later in the session, with the pound trading at its early May highs. As of 08:10 BST the FTSE 100 was trading l
Read moreJust Eat delivers Paul Harrison as new finance chief
21st Jun 2016 07:11
(ShareCast News) - Takeaway food digital marketplace Just Eat announced on Tuesday that it has appointed Paul Harrison as chief financial officer and as an executive director, replacing Mike Wroe on 28 September. The FTSE 250 firm said Harrison is joining from WANdisco - a Silicon Valley-based, Lond
Read moreBerenberg starts Just Eat at 'buy'
18th May 2016 10:35
(ShareCast News) - Berenberg initiated coverage of Just Eat at 'buy' with a 530p price target, pointing to a compelling valuation. "Given its clear market-leading positions, we believe Just Eat has many years of strong top-line growth, margin development and free cash flow generation to come." The
Read moreJust Eat profits getting fatter as Britain guzzles more takeaway food
3rd May 2016 07:52
(ShareCast News) - Just Eat said it now expects full year profits to be larger than previously indicated after the number of famished Britons ordering takeaway food online continued to increase in the first three months of the year. Total orders were 57% higher in the first quarter compared to the s
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreJust Eat gets green light for Spanish acquisition
1st Apr 2016 09:54
(ShareCast News) - Online takeaway food delivery group Just Eat has received clearance from Spanish regulators to complete its acquisition of La Nevera Roja from Rocket Internet. The purchase, which was one of four overseas deals totalling €125m (£99.5m) announced in February, is expected to be comp
Read moreTuesday newspaper share tips: Just East, Mediclinic
8th Mar 2016 15:44
(ShareCast News) - Should investors in Just Eat follow its chief and finance director's decision to bail-out of the better part of their stakes in the food-delivery chain? On Monday, each of them discarded roughly 60% of their holdings, sending the stock tanking. However, the company has seen sales
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