Online takeaway business Just Eat almost trebled pre-tax profits to £8.6m in the first six months. That represents a sweet foretaste of success for Lex, but leaves Lombard sour at the steep earnings multiple implied by this spring's £1.55bn flotation.

For more video content from the Financial Times, visit http://www.FT.com/video

Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes