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European shares inch up, food delivery stocks jump -Breaking

by Mike Robinson

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© Reuters. The graph of the German share price index DAX is pictured at Frankfurt Stock Exchange, Germany. December 21, 2021. REUTERS/Staff

(Reuters) – European stocks edged up on Wednesday, aided by increases in food delivery stocks. However, worries persist about global recovery due to an increase COVID-19 case numbers due to Omicron.

After a jump of 1.4% in its previous session, the pan-European rose 0.1% by 0821 GMT

Just Eat Takeaway.com rose 5.1% in the wake of a deal made with One Stop, a British convenience shop chain run by Tesco (OTC): to process orders and deliver food on their platform.

Germany’s Delivery Hero saw a 6% jump after it announced that it would reduce its Foodpanda operations and sell the Japan subsidiary. This was due to increased competition and labor shortages.

Germany plans to take new steps to reduce the spread COVID-19, starting before New Year’s Eve. These measures include limiting private gatherings to no more than 10 persons.

Belgian visual technology firm has slumped to 6.9% following reports that component shortages led to delays which affected sales and forecasts for the third quarter.

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