Just Eat Shares Soar as Online Takeout Service Lifts Outlook
- Increased commission rate will provide additional profit boost
- Order growth provides contrast with Restaurant Group struggles
Motorcycle courier speeding along a road from above, London W14, England
Photographer: Andrew Holt/Getty ImagesThis article is for subscribers only.
Just Eat Plc shares soared after the company said an increase in the commission it charges U.K. restaurants for its online takeout service will give an additional boost to full-year sales and profit.
The stock gained as much as 9.8 percent to 421 pence, boosting the company’s market value to about 2.8 billion pounds ($4.1 billion).