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Grubhub lays off over 500 employees amid restructuring after acquisition

Grubhub is laying off over 20% of its workforce, approximately 500 employees, as part of a restructuring following its acquisition by food delivery startup Wonder. The layoffs come after Grubhub was sold for $650 million, a significant loss for its previous owner, Just Eat Takeaway. In addition, Grubhub has partnered with Avride to introduce delivery robots on US college campuses to address labor challenges.

delivery hero shares rise as market shows positive trends in food delivery

Shares in online food delivery services saw increased demand, with Delivery Hero leading the MDax with a 5% rise, surpassing the 21-day moving average. UBS maintains a buy recommendation for Delivery Hero, projecting a price target of 55 euros, indicating potential for significant growth. Other companies in the sector, including Hellofresh, Just Eat Takeaway, and Deliveroo, also experienced price gains, reflecting positive market sentiment ahead of Delivery Hero's upcoming quarterly figures.

delivery hero shares rise as online food delivery demand increases

Shares in online food delivery services surged, with Delivery Hero leading the MDax with a 5% increase, surpassing the 21-day moving average. Hellofresh also saw a rise of 2.6%, while Just Eat Takeaway and Deliveroo gained 2.9% and 1.3%, respectively. UBS maintains a buy recommendation for Delivery Hero, projecting a price target of 55 euros, supported by stable market share data for its South Korean subsidiary, Baemin, and expectations for positive quarterly results.

delivery hero shares rise as UBS maintains buy recommendation

Shares in online food delivery services surged, with Delivery Hero leading the MDax with a 5% increase, surpassing the 21-day moving average. UBS maintains a buy recommendation for Delivery Hero, projecting a price target of 55 euros, indicating potential for significant growth. Other companies like Hellofresh, Just Eat Takeaway, and Deliveroo also saw gains, reflecting positive market sentiment ahead of Delivery Hero's quarterly results.

Delivery Hero shares rise as UBS maintains buy recommendation and price target

Shares in online food delivery services are experiencing strong demand, with Delivery Hero's stock rising 5% and surpassing the 21-day moving average, a key trend indicator. UBS maintains a buy recommendation for Delivery Hero, setting a price target of 55 euros, suggesting potential for significant growth. The market for its subsidiary Baemin in South Korea shows stability, with continued double-digit growth, and anticipation builds for the company's upcoming quarterly results.

delivery hero shares rise as UBS maintains buy recommendation

Shares in online food delivery services saw significant demand, with Delivery Hero rising 5% and surpassing the 21-day moving average, a key trend indicator. UBS maintains a buy recommendation for Delivery Hero, projecting a price target of 55 euros, while Hellofresh, Just Eat Takeaway, and Deliveroo also experienced gains. Anticipation builds for Delivery Hero's upcoming quarterly figures, which could further influence the sector's performance.

just eat takeaway.com upgraded to hold by bnp paribas and others

BNP Paribas has upgraded Just Eat Takeaway.com (OTC:JTKWY) from a "strong sell" to a "hold" rating, joining other analysts who have also assigned a "hold" rating. The stock opened at $2.52, with a 1-year low of $2.16 and a high of $3.48, while the company operates as an online food delivery service globally. Despite the upgrades, top analysts suggest there are better investment opportunities available.

analysts update recommendations and price targets for key european stocks

Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.

european venture capital landscape thrives amid innovation and sustainability challenges

Switzerland excels in pharmaceuticals, while the US leads in MedTech, attracting entrepreneurs with favorable regulations and financing. Europe is fostering innovation in sustainability and climate tech, with regions like 'Swiss Valley' and 'Silicon Canals' emerging as vibrant ecosystems for start-ups, supported by significant venture capital investments.
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