Just Eat shares surge on potential growth abroad

Just Eat shares jumped after a raft of international acquisitions underlined the ambitions ofthe online takeaway marketplace to expand beyond a crowded domestic market.

The £94.7m (€124m) purchase from Rocket Internet of online food distributors in Spain, Italy, Brazil, and Mexico adds to Just Eat’s existing operations in those countries.

The company entered Mexico last year as it seeks to broaden its presence. The shares rose as much as 11%.