Just Eat Takeaway shares down on delisting from London Stock Exchange

Just Eat surges 21% as company agrees to sell Grubhub for $650 million

Just Eat Takeaway sells Grubhub to Wonder for $650 million, spiking shares by 21%. The deal aims to end losses from the US market amid ongoing challenges.

Stifel initiates coverage on EU online delivery stocks

Stifel has rated Delivery Hero as a buy and Just Eat Takeaway as a hold, reflecting a focus on profitability amid fierce competition in the online delivery sector.