Just Eat has announced that it intends to delist from the London Stock Exchange (LSE), becoming the latest firm that is planning to leave the market.

The takeaway delivery firm stated that it intends to only be listed on the Amsterdam stock market, which is where it is based.

Just Eat said that the move comes as it looks to "reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing".

Under LSE rules, the delisting will become effective on 27 December, meaning that the last day of trading of Just Eat shares will be 24 December.

Investment director at AJ Bell, Russ Mould, said that changes to the UK listing rules were meant to make the LSE "more attractive, drive up the number of flotations and stop the flow of companies leaving the market".

However, he stated that it is "too early to make any judgement" on whether the changes have been a success.

Mould concluded: "The listing changes were never going to result in lots of companies with secondary listings in London upgrading to a primary listing, so Just Eat’s impending departure is not a black mark on the LSE’s record.

"If anything, 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. If trading is thin in London, it’s hard to justify the costs of retaining the listing."

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