Just Eat Takeaway's Delisting From LSE Makes Sense -- Market Talk
1044 GMT - Just Eat Takeaway is to become the latest company to remove its London listing in a bid to cut costs and complexity, AJ Bell analyst Dan Coatsworth writes in a note. This move makes sense given its London liquidity and trading volumes were low, Coatsworth says. "We're likely to see more companies in Just Eat's situation think hard about the need to have secondary listings in London if their primary listing on another exchange is functioning well and they are looking for ways to cut costs." The Amsterdam-based food-delivery group's departure isn't a black mark on the LSE's record, he adds. Shares are down 0.3% at 14.80 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
November 27, 2024 05:44 ET (10:44 GMT)
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