Just Eat shares jump on 50pc order increase

Harriet Green
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Just Eat announced this morning that takeaway orders leapt 51 per cent in the first quarter, ahead of expectations, boosted by more people using its new iPads app and wet weather in the UK and northern Europe.

The news saw shares gain over four per cent at the open, now up 3.8 per cent.

The newly-listed firm, which joined the high growth segment of the London Stock Exchange’s main market last month, has now been admitted to its premium listing.

David Buttress, chief executive, commented:

I am pleased with our 2014 performance to date, with trading slightly ahead of management expectations in a period of strong growth and great execution by our local teams.

Just Eat’s continued growth reflects the further expansion of our contracted restaurant network giving our consumers an increased choice as they shift to online takeaway ordering.

During a period of unusually wet winter weather in several of our key markets our consumers ordered more takeaway online and via mobile than ever before.

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