Just Eat suffers £2.5 billion Grubhub hit as food orders slide

Takeaway delivery specialist Just Eat is considering selling its Grubhub business after a fall in orders (Gareth Fuller/PA)

(Picture: PA Archive)

Food delivery business Just Eat Takeaway has taken a staggering £2.5 billion hit in a write-down in the value of its US arm Grubhub as the food delivery firm renewed vows to sell the company amid dwindling takeaway orders.

The London-listed firm reported a loss of £112 million in the first six months of 2022 as order numbers dropped 7% compared to 2021 while the value of each order fell 3%. The UK and Ireland performed worse than other European regions with a 13% drop over last year.