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Just Eat Takeaway Shares Rise on ING's 2023 Profit Prediction

Just Eat Takeaway shares climbed on Monday after ING analysts predicted the Amsterdam-listed food delivery service might report "quite significant profit" in 2023.

Just Eat Motorcycles
Just Eat Motorcycles

The prediction is based on a possible amendment to the cap on fees delivery firms can charge restaurants in New York City, which could boost Eat by €60 million.

The company has a large presence in New York City through its subsidiary Grubhub. Just Eat previously predicted it would maintain positive adjusted earnings in 2023 and will release its fourth-quarter trading update on January 18.