Just Eat delivers tasty order growth

Growth in the number of online takeaway order grew strongly for Just Eat in the full year, rising to 57% from 52% in the first half of the year and 52% in the full year before.

A short trading update from the online food delivery website, ahead of full year results on 1 March, also showed like-for-like growth slowed slightly to 46% from 47% at the interim stage.

Chief executive David Buttress said: "I am delighted with our growth through 2015, which provides an excellent base for further development of our business. We enter 2016 with continuing confidence."

Broker Peel Hunt said the group had delivered impressive order growth against a tough set of comparatives, which includes the Menulog acquisition which completed last June.

"We expect the majority of the LFL growth will come from the UK, we don't anticipate making material changes to our forecast though and remain cautious on the longer-term outlook for the business and the sustainability of the pricing model, with commission rates target of 14%.

"In the UK we note the increased competition from a variety of business models across the broader delivery/take-away market."