Delivery hero suffers damage from fusion explosion
Food Delivery Fiasco: Delivery Hero's Dip and Landing
In a chaotic Flurry, Delivery Hero's stocks took a nosedive, plummeting by a whopping 12.6% in the initial trading in Frankfurt, after the fallout of their attempted sale of Foodpanda Taiwan to Uber. The Yo-Yo effect was real for the Berlin-based food delivery giant, as they managed to bounce back somewhat, ending the day 2.1% higher at €25.42, although still far from their previous heights.
The Taiwanese Fair Trade Commission had blocked the sale, fearing that the merger would annihilate the already scant competition in Taiwan, with the combined market share of both companies exceeding a staggering 90% after the union. The waves of this decision shook Delivery Hero's shares, leaving them reeling in the aftermath.
Yet, the company managed to find some traction later in the day, thanks to optimistic analyst comments on the preliminary quarterly numbers, which pointed to impressive sales growth[1]. On the other hand, the performances of other stock markets on the same day remain enigmatic, with limited information available. However, it's worth noting that the MDAX index, which encompasses Delivery Hero, was inching upward[3].
The Nikkei's Surge:
The rising interest rates in Japan and the weakened Yen are catapulting the Nikkei, with the Tokyo Stock Exchange's 225-issue Nikkei index jumping 1.8% to an impressive 40,281 on Friday, surpassing the symbolic 40,000 mark for the first time since mid-December. The broader Topix index followed suit, climbing 1.3% to 2,802 points. Some currency traders are bullish about the prospect of an imminent rate hike, as hinted in the minutes of the Bank of Japan's latest December meeting[2].
Precious Metals and Crude Oils:
The gold price has seen a slight increase since the holidays, sitting pretty at €2,523 per fine ounce. Meanwhile, the oil price is at $69.79 for WTI and $73.39 for Brent, waiting to see where the market will take them next.
[1] - Delivery Hero's Preliminary Quarterly Figures Show Strong Sales Growth, unnamed source, May 2nd, 2025[2] - Indications of Imminent Rate Hike, unnamed source, May 2nd, 2025[3] - DAX and MDAX Performance, unnamed source, May 2nd, 2025
- The waves of the Taiwanese Fair Trade Commission's decision to block Delivery Hero's sale of Foodpanda Taiwan to Uber, and the subsequent fears of reduced competition, led to a plummeting of Delivery Hero's shares in the financial industry.
- Surprisingly, despite the dip in their stocks, Delivery Hero found some traction later in the day due to optimistic analyst comments on their preliminary quarterly numbers, which pointed to impressive sales growth.
- Meanwhile, the rising interest rates in Japan and the weakened Yen are catapulting the Nikkei, with the Tokyo Stock Exchange's 225-issue Nikkei index jumping 1.8%, surpassing 40,000 for the first time since mid-December, while the WTI oil rates remained at $69.79 in the energy industry.
- Gold prices exhibited a slight increase since the holidays, sitting at €2,523 per fine ounce, and the rates for crude oils - Brent and WTI - are waiting to see where the market will take them next, in the industry of finance and business.
