Just Eat Takeaway sees orders jump

Europeans gained a taste for Just Eat Takeaway.com in the company's fourth-quarter.

The food delivery service said Wednesday (January 12) orders grew 14%.

It delivered close to 274 million orders over the period.

That's up more than 30 million from a year before.

It's a more positive sign for the firm after being about $216 million in the red in the first half of last year.

Takeaway did not release updated profit and loss figures on Wednesday.

But CEO Jitse Groen confirmed adjusted earnings improved to a smaller loss than in the first half

The company has faced investor pressure to sell operations like U.S. subsidiary Grubhub due to the losses.

The boost meal delivery companies saw from more orders during the health crisis has also begun to fade.

Takeaway is due to report its full earnings in March.

Shares fell slightly after the report was released.

The stock price is down around 11% so far this year.

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