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The cost of living crisis has hit growth at food delivery companies Deliveroo and Just Eat
This appetiser will keep investors satisfied for now, but they will soon get hungry for the main course
Dutch investment group Prosus acquires remaining third of Latin American delivery business it does not own
Plus, the UK takes a hard line against Bain & Co and long-short hedge funds face their bad bets
Food delivery group paid $7.3bn for US unit last year
The ecommerce giant is probably wary of risking more capital as it has yet to succeed on food delivery so far
Deal set to give tech giant 2% stake in Just Eat’s US business, potentially rising to 15%
David Buttress appointed ‘cost of living business tsar’ despite repeated criticism of Conservative party
Shares in online food delivery group plunge 7% after it reveals complaint against chief operating officer
Cat Rock Capital calls for removal of finance chief and most of food delivery group’s supervisory team
Companies analysis from our sister publication
Pandemic boom in online food delivery has not helped make $7.3bn acquisition any more appetising
Food delivery giant cedes to months of investor pressure over $7.3bn deal
Plus peculiar rumblings at BlackRock and Nicola Horlick’s banking pivot
The costs of trading on multiple venues can outweigh the benefits, as many companies have discovered
Activist investor Cat Rock suggests Amazon, Instacart and Walmart would be interested in US food delivery group
Grubhub vows to fight legislation as shares in European parent Just Eat Takeaway fall
FTSE’s outdated rules on nationality and liquidity create distorted view of London market
Chief admits food delivery group has ‘quite a lot of work to do on communication’ with investors
As more consolidation in the sector beckons, criticism from the activist fund should be heeded
Cat Rock Capital urges food delivery company to consider divestments or merger with a larger rival
Leading US food delivery app readies for expansion in Berlin as European competition hots up
Just Eat, Deliveroo and Delivery Hero are on alert after investors back new names
Lockdown creates perfect recipe for food ordering apps but some will be left behind
Food delivery company may need to follow DoorDash example of expanding in suburbs
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