Food delivery company Just Eat Takeaway said it was confident that growth would remain strong for the rest of the year after reporting a sharp jump in first-half revenue spurred by merger activity. For the six months ended 30 June, pre-tax losses widened to €121m from €7m on-year as revenue rose 44% to €1.03bn. The loss was mainly driven by 'amortisation, advisory, transaction and integration related expenses connected to the combination of Just Eat and Takeaway.com and the proposed transaction with Grubhub,' the company said. The UK, Germany, Canada, the Netherlands, Australia, and Brazil were 'performing particularly strongly, it added. Just East Takeaway said the integration with Just Eat was on track and progressing well. On the back of the current momentum, it said it had started an aggressive investment programme, in an effort to further strengthen market positions. 'We are convinced that our order growth will remain strong for the remainder of the year,' Just Eat Takeaway said.
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