Just Eat delivers profit rise after hike in restaurant commissions

Share price surges 8% after online takeaway food service expects annual revenues to rise 8m to a forecast 358m

An increase in fees charged to UK restaurants has delivered extra profit for Just Eat, the online takeaway food service.

Just Eat, which lets diners order food from 27,000 UK restaurants, increased its commission rate by a percentage point to 13% for existing customers at the start of April. It said restaurants reacted positively to the changes, which also included paying them weekly instead of twice a month.