Takeaways, commodities and pits

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FTSE indices tip-toed higher at the start the last session of the week with investors keeping a close eye on US payroll data later today.

“Online takeaway food group Just Eat’s (LSE:JE.) appetite for growth continues apace with it snapping up businesses in four different countries,” says AJ Bell Investment Director Russ Mould.

“Investors clearly liked the flavour of the latest deals in Italy, Spain, Brazil and Mexico, where the current takeaway delivery market is worth more than £8bn, sending Just Eat to the top of the FTSE250 list.

BG Group’s (LSE:BG.) earnings were inevitably hit by the fall in commodity prices but its operational performance was encouraging. The group’s final results ahead of its takeover by Shell (LSE:RDSB) showed upstream output rising by 16% in 2015 to 704,000 barrels of oil equivalent per day. 

“There was a reversal in fortunes for heavyweight miners with four of yesterday’s early blue-chip leaders, Anglo American (LSE:AAL), Glencore (LSE:GLEN), Rio Tinto (LSE:RIO) and BHP Billiton (LSE:BLT), at the foot of the index.”

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