Friday, October 7

Tag: Philip Webster

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!
Business, Europe

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!

Food delivery in the European stock market is making a comeback. Food delivery stocks such as Delivery Hero SE (ETR: DHER) and Just Eat Takeaway.com NV (LON: JET) appear to be the highest gainers in Stoxx Europe 600 Index in Q2 as companies. Expectations have been buoyed by the surge in the belief that central banks will not excessively raise interest rates to curb inflation. Since June 30th, Just Eat has increased by 53%, and Delivery Hero has increased by 46%, a surprising reversal after both companies were among the top 10 decliners in the first half. The share price of Deliveroo plc (LON: ROO) has increased by 15% from its yearly low. Exactly what investors have been requesting for a long time, the big uptick occurred after the companies prioritized lowering losses and demonstra...
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