Food Delivery: Commission Publishes Proposals to Improve Conditions of Digital Platform Workers

On Dec. 9, the European Commission published proposals to improve working conditions of people working through digital platforms. This is broadly in line with the set of proposals reported by media such as Bloomberg and others in the last few days. We maintain our initial assessment of the impact on food delivery names in our European coverage (valuation-, star- and moat ratings for Just Eat Takeaway, Delivery Hero and Deliveroo unchanged).