Just Eat fails to satisfy the market

Order growth is slowing at online takeaway firm
Thursday 12 Jan 2017 Author: Tom Sieber

Slowing order growth is putting shares in online food delivery specialist Just East (JE.) under pressure despite confirmation full year results will be in line with guidance (10 Jan). Like-for-like orders were up 36% year-on-year in 2016. This compares with order growth of 46% in 2015 and 50% in 2014. The company is in the process of acquiring UK rival Hungryhouse and Canada’s SkipTheDishes for a combined £360m. (TS)

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