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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Just Eat    JE.   GB00BKX5CN86

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06/14JUST EAT : Deliveroo blow for Just Eat
06/14JUST EAT : Struggling UK restaurants could make billions by switchin..
06/14Daily Mail, London, Market Report column
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Just Eat : Struggling UK restaurants could make billions by switching opening hours - study

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06/14/2018 | 09:07am CEST
FILE PHOTO: A woman walks past a Prezzo restaurant in London

LONDON (Reuters) - Britain's struggling bars and restaurants could earn over 5 billion more pounds each year by adapting their opening hours to modern consumer patterns, a study by Barclays said on Thursday.

Britain's high street is suffering from weak consumer spending and intense competition, with the likes of burger chain Byron and Italian food restaurant Prezzo closing stores this year.

App-based food delivery services such as Deliveroo and Just Eat are challenging traditional players, and Barclays said that restaurants could even use such platforms to boost their revenues with round-the-clock takeaways.

"The current leisure environment does present a number of challenges for the sector's businesses," said Mike Saul, Head of Hospitality and Leisure at Barclays.

"Those that don't adapt to this type of newly developing consumer demand risk being left behind in this ever-competitive environment."

Restaurants, takeaway meal outlets and pubs, bars and clubs could make an extra 5.5 billion pounds in revenue each year by adjusting their opening hours, the research by Barclays said.

Including gyms, cinemas and other leisure operators, the total annual benefit for the industry could be 6.75 billion pounds in total.

The study, which surveyed 2,334 people and 553 businesses, found that a fifth of British workers expected 24-hour services across the hospitality and leisure sector.

It also found that while 42 percent of businesses had received requests for more flexible opening hours, only 4 percent said that they perceived a loss of business through not being open when customers want.

"While a significant number of consumers experience frustrated demand, most UK leisure services believe they are keeping up with their customers' opening requirements," the report said.

"With many customers prepared to pay a small premium for services at unusual hours, businesses that find ways to meet this pent-up demand stand to grasp a significant opportunity."

(Reporting by Alistair Smout; editing by Stephen Addison)

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Financials ( GBP)
Sales 2018 718 M
EBIT 2018 147 M
Net income 2018 104 M
Finance 2018 154 M
Yield 2018 -
P/E ratio 2018 56,08
P/E ratio 2019 37,45
EV / Sales 2018 7,59x
EV / Sales 2019 6,02x
Capitalization 5 603 M
Duration : Period :
Just Eat Technical Analysis Chart | JE. | GB00BKX5CN86 | 4-Traders
Technical analysis trends JUST EAT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 9,06  GBP
Spread / Average Target 11%
EPS Revisions
Peter James Plumb Chief Executive Officer & Executive Director
Michael Jonathan Evans Non-Executive Chairman
Adrian Blair Group Chief Operating Officer
Paul Scott Harrison Chief Financial Officer
Fernando Fanton Chief Technology & Product Officer
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