Deliveroo surges as rival Delivery Hero takes 5.1% stake
Deliveroo shares surged on Monday after rival Delivery Hero took a 5.09% stake in the company.
Cboe DEM 50
18,943.26
16:29 24/12/24
0.00%
0.00
Deliveroo Class
141.20p
12:35 24/12/24
1.22%
1.70p
Delivery Hero Ag
€28.46
00:22 24/12/24
0.00%
€0.00
Software & Computer Services
2,642.54
12:54 24/12/24
0.66%
17.29
German firm Delivery Hero now owns just under 87.4m Deliveroo shares.
At 1605 BST, Deliveroo shares were up 4.5% at 339.63p.
CMC Markets analyst Michael Hewson said: "The shares still remain below the 390p IPO price of earlier this year, however a decent update on Wednesday could be the catalyst that could enable it to complete a five-month round trip for the share price, from its April lows of 225p."