Posted in home

Just Eat Takeaway shares soar as COVID-19 fears keep home-dining orders coming

Just Eat Takeaway’s order growth jumps amid continuing demand for online delivery.


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Shares in Just Eat Takeaway leapt more than 5% on Wednesday, after the food-delivery platform reported a surge in online orders in the third quarter as more consumers turned to apps for their dining needs amid social distancing restrictions.

In a trading update, Just Eat Takeaway
JET,
+5.76%

said it had received 46% more orders in the three months to September, compared with the same period in 2019.

The Amsterdam-headquartered company delivered 151.4 million orders globally in the third quarter, bringing the total to 408.3 million in the first nine months of the year.

The strong results sent shares in Just Eat Takeaway up 5.34% in early morning London trading.   

Just Eat Takeaway saw the highest sales in the U.K., where it delivered 46.4 million orders in three months, up 43% on the previous year.

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Posted in home remodeling

Texans spent less going out to eat and drink, but more on home improvement as coronavirus cases peaked this summer

Texas collected about $2.8 billion in state sales tax revenue in August – 5.6% less than in the same month last year, Texas Comptroller Glenn Hegar said Tuesday.

That revenue was based mainly on purchases made in July, when the numbers of coronavirus cases were peaking. That rising rate, the comptroller said, likely put a damper on economic activity.

State sales tax collections from major sectors – except retail trade – declined compared with the same period in 2019, Hegar said. The comptroller said the largest declines happened in sectors related to oil and gas, which includes manufacturing. A Hegar spokesperson also pointed to declines in sectors such as transportation and bars and restaurants.

In retail trade, distance learning prompted higher remittances to the agency from sporting goods, electronics and home furnishing retailers. Consumer spending also increased on home improvements and home entertainment. Such spending, Hegar said, was supported by

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Continue Reading Texans spent less going out to eat and drink, but more on home improvement as coronavirus cases peaked this summer