Skip to content

Just Eat Leads Food Delivery’s Stunning, Market-Beating Rally

  • Stocks surge as companies focus on cost cutting, boosting cash
  • Still unclear if market expectations on growth realistic: HSBC
A food delivery courier for Just Eat Takeaway.com NV along Brick Lane in London.

A food delivery courier for Just Eat Takeaway.com NV along Brick Lane in London.

Photographer: Hollie Adams/Bloomberg

One of the most beaten-down corners of the European stock market is making a comeback. 

Food-delivery stocks Delivery Hero SE and Just Eat Takeaway.com NV are among the biggest gainers in the Stoxx Europe 600 Index this quarter as the companies take out some of investors’ most dire concerns one by one. The rally also has gotten a boost from optimism that central banks will avoid raising interest rates too much to cool inflation.