Deliveroo shares rise after rival Delivery Hero takes 5% stake

Shares in London-listed food delivery company up to 360p after move by German firm

Deliveroo has hit its highest share price since it floated on the stock market in March, after it disclosed that the German rival service Delivery Hero had taken a 5% stake.

Shares in the London-listed food delivery company rose by as much as 10% to 360p in early trading on Monday after it announced the news.

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