Just Eat’s share price has been suffering a bout of indigestion as the takeaway delivery group’s investors chomp their way through a long menu of concerns. For starters, they don’t know exactly how much it’s going to cost the group to fully introduce a network of cyclists and motorbike riders to deliver food ordered online direct to customers’ doors.
In a fiercely competitive market, they’ve watched Just Eat embark on an expensive marketing campaign and a drive to pull in more customers with 15 per cent discounts and free deliveries. And last month they looked on in horror as the mighty Amazon took part in a $575 million funding round for one of the group’s two arch-competitors, Deliveroo.
No wonder that Just Eat is at