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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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