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

Hendrik Ren / Bloomberg†

Three European food delivery stocks, Delivery Hero, Just Eat and Deliveroo, collectively lost $23.7 billion in the first quarter, more than half their market value— In a market gripped by concerns about rising interest rates and rising inflation, investors are avoiding European food delivery companies…