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Highlights
- The tradition of Shove Tuesday is the day before Ash Wednesday observed in most Western countries.
- Every year, the UK turns into a pancake haven on Pancake Day with restaurants and homes cooking tasty pancakes and crepes.
- As Lent starts on Wednesday, people usually go to confess their sins a day before, which is known as Shrove Tuesday.
Many Britons have been eagerly waiting for Shrove Tuesday, also known as Pancake Day as an excuse to eat tasty pancakes and crepes. The Shrove Tuesday is observed a day before Ash Wednesday, which is also known as the first day of Lent in Christianity. It is also known as Pancake Tuesday, Fat Tuesday, and Mardi Gras.
The date for Pancake Day varies every year. It usually falls between 3 February and 9 March, which is basically 47 days before Easter Sunday. According to Historic UK, the 40-day period of Lent is traditionally observed as a period of self-discipline until Easter begins. So, people eat pancakes on Shrove Tuesday as they will not be baking cakes or any other sweet food for the next one month.
Every year, the UK turns into a pancake haven on Pancake Day with restaurants and homes cooking tasty pancakes and crepes. Many Britons order yummy pancakes at home to celebrate the tradition.
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Let us look at two delivery stocks that may do well on this occasion.
Deliveroo Plc (LON: ROO)
Deliveroo is an on-demand food delivery company through a hyperlocal three-sided online marketplace. It connects grocers, consumers, and restaurants, and riders to deliver food to customers. Deliveroo operates in over 800 locations across the UK, Australia, Netherlands, France, Belgium, Ireland, Hong Kong, Italy, Singapore, Kuwait, and the UAE. Deliveroo Plc’s market cap stands at £2,260.67 million, and its shares were trading at GBX 122.15, down by 5.20%, at 9:30 AM (GMT), on 1 March 2022.
Also Read: Lloyds, Barclays, HSBC, NatWest: Should you hold these FTSE stocks?
Just Eat Takeaway.com NV (LON: JET)
Just Eat Takeaway.com is a global online food ordering and delivery company that connects consumers with restaurants through its platform. The company has recently notified the Nasdaq Stock Exchange that it intends to voluntarily delist its American Depositary Receipts (ADRs) from the Nasdaq Global Select Market to reduce complexity and costs.
Just Eat Takeaway.com’s market cap stands at £6,436.04 million, and its shares were trading at GBX 2,881.50, down by 4.81%, at 9:30 AM (GMT), on 1 March 2022.
Also Read: Evraz, Triple Point VCT: Dividend stocks that may be good bets now
Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
