Just Eat shares slide as rival Uber Eats delivers cut in fees

The share price of the meal delivery service Just Eat fell by more than 5% on Thursday after US competitor Uber Eats announced plans to cut the fees it charges restaurants, amid an intense battle for customers in the takeaway sector.

Uber Eats will also allow restaurants in 100 towns and cities to use their own delivery drivers on meal orders placed using its app – a marketplace model – alongside its core business, where it provides the delivery service.

Uber Eats, which is owned by US taxi app company Uber, is to reduce the cap on fees it charges restaurants from 35% to 30%. The fee for the new Uber Eats marketplace service will be 13%, undercutting the 14% charged by Just Eats.


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