Delivery Hero SE (DELHY)
- Reuters
Delivery Hero ups revenue outlook on rising orders, ad revenue
(Reuters) -German online food takeaway company Delivery Hero on Thursday raised its revenue guidance for the year due to rising orders as well as advertising revenue from its growing grocery delivery operations. The outlook may reassure investors who have worried that food delivery companies have struggled to retain customers in an overcrowded market after the boom during the pandemic when people treated themselves during lockdowns. Delivery Hero's stock was up 6% in early Frankfurt trade, seen topping the German midcap index.
- Bloomberg
Activist Fund Sachem Head to Build Stake in Delivery Hero
(Bloomberg) -- Activist investor Sachem Head Capital Management has built a 3.6% position in Delivery Hero SE and may seek representation on the board of the German food delivery company, according to people familiar with the matter.Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Ne
- Reuters
Singapore competition watchdog looked into potential Grab, Delivery Hero deal
Germany's Delivery Hero had been looking to divest its foodpanda business in some Southeast Asian markets and media reports from September had said Singapore-based Grab could be a potential buyer. The Competition and Consumer Commission of Singapore (CCCS) said it started an investigation into this potential tie-up in early January.
