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Deal costs deepen losses at Just Eat

Delivery expenses rose during the first half, but fell per order
Deal costs deepen losses at Just Eat

Just Eat (JET) recorded roaring trading activity over its first half. Revenues jumped by 44 per cent to €1bn (£928m), as the food delivery titan processed 257m customer orders, representing an increase of almost a third. Yet its pre-tax losses widened to €121m from €7m last year, on a like-for-like basis.

IC TIP: Hold at 8958p

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