Tag: Deliveroo

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Deliveroo shares plunge on market debut – business live

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Rolling coverage of the latest economic and financial newsEarlier:

UK Deliveroo orders soar by 59% despite restaurants reopening

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Deliveroo enjoyed a 59% increase in orders in the UK and Ireland between July and September despite the return of dine-in restaurant eating, as a partnership with Amazon more than doubled members of its premium subscr...

Bond yield worries hit markets again; Deliveroo picks London for float – business live

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Rolling coverage of the latest economic and financial news

Deliveroo shares slump on stock market debut

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Shares in Deliveroo slumped by more than 30% on the takeaway food firm’s stock market debut, as the eagerly-anticipated float turned sour for an army of retail investors. The company, which has been urging customers t...

Aldi ends Deliveroo deliveries as UK return to stores

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Aldi is ditching grocery deliveries via Deliveroo to focus on its own home shopping service as consumers return to stores in greater numbers. About 100 of the German retailer’s 950 UK stores offered grocery orders and...

Deliveroo chooses London for stock market float

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Deliveroo, the meal delivery company, has chosen London as the venue for its planned $7bn stock market listing after the government committed to rule changes that will allow founders to keep more control. Chancellor R...

Deliveroo riders planning strike across England over pay and conditions

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A group of about 400 Deliveroo riders are expected to strike over pay and conditions as the company faces increasing pressure over its employment practices. The Independent Workers of Great Britain (IWGB) union said i...

Deliveroo extends its range adding new partner WH Smith’s products

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Books, stationery, phone chargers, toys and exam study guides are the latest items to be ferried to customers on fast-track delivery bikes via a partnership between WH Smith and Deliveroo. The high street retailer wil...

Deliveroo will set up £50m pandemic recovery fund to woo investors

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Deliveroo is to set up a £50m pandemic recovery fund as part of a charm offensive linked to its $7bn stock market float. The food delivery service is also expected to set aside shares for Deliveroo customers and could...

Deliveroo workers strike as shares rise on first day of open trading

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Deliveroo’s share price rose on its first day of open trading on the stock market on Wednesday even as hundreds of workers across England mounted strike action to protest against their treatment by the takeaway delive...

Deliveroo reports narrowing losses before flotation as Covid boosts demand

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Meal delivery company Deliveroo has confirmed plans for a stock market debut in London, as the firm reported a narrower annual loss following a boom in demand during the Covid-19 pandemic. The offering, which could va...

Deliveroo doubles orders during latest Covid lockdown

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Deliveroo doubled order numbers during the first three months of the year as coronavirus lockdowns helped it in its debut results following a stock market float beset by concerns over its treatment of workers. The tak...

Deliveroo aims to raise £1bn from London stock market flotation

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Deliveroo is planning to raise £1bn from its stock market floatation. The meal delivery company confirmed the fundraising target for the first time, adding that the initial public offering (IPO) would mean selling new...

Deliveroo riders suffer setback in court battle for right to unionise

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Attempts by some Deliveroo riders to secure legal status as employees has suffered a setback after the court of appeal upheld previous verdicts that found the food delivery couriers were self-employed. The Independent...

Deliveroo riders: how do you feel about the company’s £9 billion float?

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After a boom in home deliveries over the last year, Deliveroo has announced a float that will value the takeaway company at up to £8.8bn. The float will make millions for investors including Amazon and founder Will Sh...

Payments firm Wise’s successful float is a relief after Deliveroo flop

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Blink and you missed it. The UK’s biggest tech flotation happened on Wednesday to about a hundredth of the pre-publicity generated by the overhyped and undercooked Deliveroo. Wise, formerly Transferwise, is a low-fee ...

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