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Share Price: 1,190.00

Bid: 1,160.00

Ask: 0.00

Change: 0.00 (0.00%)

Spread: 30.00 (2.586%)

Open: 0.00

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Prev. Close: 1,190.00

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PRESS: Uber Eats plans Germany launch in challenge to Just Eat - FT

Wed, 21st Apr 2021 08:29

(Alliance News) - Uber Technologies Inc is attempting to break what it called Just Eat Takeaway.com NV's "monopolistic" stranglehold on the German food delivery market, the Financial Times reported on Wednesday.

According to the FT, Uber Eats will launch in Germany for the first time over the next few weeks, starting in Berlin, in its biggest entry to a new country since 2018.

Just Eat Takeaway has dominated online food ordering in Germany since Deliveroo PLC withdrew from the country in 2019, leaving few competitors of meaningful scale, the FT noted.

https://www.ft.com/content/b9de1752-80b1-402b-abb1-d8ad8a95e970

Just Eat Takeaway shares were down 4.6% at 7,563.00 pence, the worst performer in the FTSE 100 on Wednesday. Deliveroo was marginally lower at 242.70p. Shares in Uber Technologies closed down 4.1% at USD55.48 in New York on Tuesday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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26 Jan 2023 09:44

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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

20 Jan 2023 09:25

LONDON BROKER RATINGS: Bank of America raises Asos, boohoo to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

18 Jan 2023 16:57

LONDON MARKET CLOSE: Rampant pound and weak US data hit FTSE 100

(Alliance News) - The FTSE 100 struggled on Wednesday, underperforming continental peers as its roster of international earners succumbed to a stronger pound.

18 Jan 2023 10:43

SMALL-CAP WINNERS & LOSERS: Just Eat up on swing to adjusted profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

18 Jan 2023 10:17

TOP NEWS: Just Eat Takeaway.com swings to adjusted profit on cost cuts

(Alliance News) - Just Eat Takeaway.com NV on Wednesday said it swung to positive earnings on an adjusted basis in the second half of last year and for 2022 as a whole, as the online food delivery marketplace focuses on achieving profitability.

18 Jan 2023 08:59

LONDON MARKET OPEN: Sterling surges on "sticky" UK inflation

(Alliance News) - The pound rose and London stock prices opened tentatively higher on Wednesday, after UK consumer price data boosted expectations for another 50 basis point hike from the Bank of England in February, despite a better-than-expected slowdown in headline inflation.

18 Jan 2023 07:54

LONDON BRIEFING: UK inflation cools slightly to 10.5% in December

(Alliance News) - Stocks in London are set to open lower on Wednesday, following news that UK inflation cooled slightly more than expected in December and the Bank of Japan kept its loose monetary policy unchanged.

18 Jan 2023 06:59

LONDON MARKET EARLY CALL: Stocks called down as BoJ policy unchanged

(Alliance News) - Stocks in London are set to open slightly lower on Wednesday, as an expected monetary policy shift from the Bank of Japan failed to materialise.

16 Jan 2023 12:20

LONDON MARKET MIDDAY: Stocks firm ahead of BoJ decision, UK inflation

(Alliance News) - Stock prices in London were broadly higher at midday on Monday as market optimism remained positive.

16 Jan 2023 09:34

LONDON BROKER RATINGS: SocGen raises Severn Trent to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

16 Jan 2023 09:00

LONDON MARKET OPEN: FTSE 100 continues climb to near record high

(Alliance News) - The FTSE 100 opened near its all-time closing high on Monday morning, as better-than-expected UK GDP data and encouraging trading statements from some London-listed companies lifted lifted investor spirits.

16 Jan 2023 08:43

TOP NEWS: J Sainsbury and Just Eat team up for grocery deliveries

(Alliance News) - Food delivery platform Just Eat Takeaway.com NV on Monday announced a partnership with J Sainsbury PLC for grocery delivery in the UK.

16 Jan 2023 07:50

LONDON BRIEFING: FTSE 100 seen flat; Just Eat and Sainsbury's partner

(Alliance News) - With US financial markets closed for a public holiday on Monday and after better-than-expected data for the UK economy on Friday, stocks in London were set to start the week slightly higher.

11 Jan 2023 09:48

LONDON BROKER RATINGS: Citi cuts Frontier Developments; BofA ups Sage

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

19 Dec 2022 15:24

IN BRIEF: Just Eat Takeaway switches to standard listing in London

Just Eat Takeaway.com NV - Amsterdam-based online food delivery platform - Switch to 'standard listing' on London Stock Exchange from 'premium listing' takes effect on Monday, after the move was approved by shareholders at an extraordinary general meeting held last month. A premium London listing comes with additional requirements but allows a company to be included in FTSE UK indices. Just Eat is a former FTSE 100 constituent, but it was removed from FTSE indices last year, after its nationality was reassigned to the Netherlands by index-provider FTSE Russell. The stock remains listed on Euronext Amsterdam as well.

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