Newspaper article The Evening Standard (London, England)

Just Eat Numbers Treble as Britons Stay in for Dinner

Newspaper article The Evening Standard (London, England)

Just Eat Numbers Treble as Britons Stay in for Dinner

Article excerpt

Byline: Nick Goodway

BRITAIN'S insatiable appetite for takeaways saw maiden profits at recently floated Just Eat treble in the first half of the year.

Romantic Britons hit their smartphones and tablets on Valentine's Day to order a group record 200,000 meals with orders at the peak running at 1000 a minute.

"It's been a fantastic start to our life as a public company," said chief executive David Buttress. "Our revenues are up 58%, we added 4500 new restaurants and 1 million more active users." Just Eat floated at 260p a share in April and its shares partly hit by the spate of technology floats which have fallen out of favour had fallen as much as 20% from that. But today's news reassured investors and shares, which rose sharply yesterday, gained another 17.85p, or 8%, to 237.35p.

Buttress said one of the particularly pleasing trends in the first half had been the continuing shift to customers ordering from smartphones and other mobile devices which now account for more than half of all orders. …

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