Three European food delivery stocks, Delivery Hero, Just Eat, and Deliveroo, lost a combined $23.7B, more than half their market value, in the first quarter (Henry Ren/Bloomberg)

Henry Ren / Bloomberg:
Three European food delivery stocks, Delivery Hero, Just Eat, and Deliveroo, lost a combined $23.7B, more than half their market value, in the first quarter  —  In a market gripped by concerns over rising interest rates and soaring inflation, investors are avoiding European food delivery companies …