Sept 15 – Welcome to the home for real-time coverage of
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JUST EAT A BITTER BREAKFAST FROM DELIVEROO AT THE OPEN!
(0738 GMT)
As expected, European stock markets opened slightly in the
red this morning but it’s not the 0.1% dip that’s providing the
excitement but rather a duel between food delivery services.
Just Eat Takeaway is among the top losers on the STOXX 600,
down 3.5% after news reports that Amazon and Deliveroo have
teamed up to offer free delivery to ‘Amazon Prime’ subscribers.
Deliveroo is up a more modest 1% but the delta between the
share price of the two rivals tells quite a lot about the fierce
competition to become the dominant player in this fast-growing
sector.
The retail space is also under pressure with H&M down over
2% after reporting lower than expected sales, which remain below
pre-pandemic levels as restrictions kept shoppers away from
stores.
Pre-markets calls were positive for Spain’s Inditex which
was seen rising by 2% on average at the open. Traders…
