Just Eat outperforms market after profits jump

Listen to this article

00:00
00:00

Shares in Just Eat are looking appetising.

Just Eat’s shares are close to the top of the FTSE All Share this morning, rising 4.2 per cent to become the second biggest riser on the index after the online food delivery company’s profits more than doubled last year.

The company earlier reported robust order growth across its business, strong cash generation and further expansion in its earnings before interest, tax, depreciation and amortisation margin as it said pretax profits rose 164 per cent to £91m in 2016.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.