The British-Dutch take out delivery company Just Eat said Wednesday its shares on the London Stock Exchange will cease trading Dec. 24, saying liquidity and trading volumes were too low to make it worthwhile.

Dutch takeaway delivery company that proved a favourite with Brits during lockdown, is to leave the London Stock Exchange.

The food-delivery group said it aims to reduce the administrative burden, complexity and costs associated with its London listing, as it joins a growing list of companies leaving the U.K. bourse.

Netherlands-based food delivery company Just Eat Takeaway.com on Wednesday announced its plans to de-list its stock from the London stock exchange at the end of this year, the latest large company to withdraw from the bourse.

In another setback for the City, the food delivery giant said it wanted to reduce the 'administrative burden, complexity and costs' associated with its listing.

Investing.com -- Shares of Just Eat Takeaway (LON: JETJ) fell on Tuesday following the company’s plans to delist from the London Stock Exchange (LON: LSEG ). The decision comes as the food delivery giant continues to streamline its operations and address administrative and cost concerns associated with maintaining its secondary listing in London.

Delivery giant Just Eat has made the decision to quit the London Stock Exchange in order to save costs, in the latest blow for the City.

Just Eat Takeaway.com will delist from the London Stock Exchange as the Dutch food delivery app looks to cut costs and complexity.