News of Uber losing licence see’s Just Eat share price jump by 20p per share


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News of Uber being stripped of their licence Friday, has seen takeaway delivery service, Just Eat share price rocket by 20p per share with a high of £6.9350.

According to Business Insider, the delivery platform saw a spike in their share price as city traders quickly invested into the delivery service, amid fear UberEats service will be heavily affected after Friday’s licence decision by TfL.

A spokesman for Uber said to the Metro, UberEats service will not be affected as being stripped of their licence only applies to their private hire operations.