Tag: Deliveroo

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‘Peanuts’: Deliveroo riders unimpressed by company’s bonus offer

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London float to give founder Will Shu cash and shares worth £530m, with riders set to share £16m Deliveroo riders have raised concerns about low pay as the company prepares for an £8.8bn flotation that will hand its f...

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...

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 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 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 dampens IPO expectations as investors raise workers’ rights concerns

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Deliveroo has said it will price shares for its stock market listing on Wednesday towards the bottom of its price range due to “volatile” market conditions. It comes after a week in which a number of leading fund mana...

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 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 raises sales forecast after ‘strong growth’ in 2021

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The takeaway delivery company Deliveroo has raised its forecasts for sales this year after “strong growth” during the first six months of 2021, a period that included its rocky stock market listing. Deliveroo said on ...

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 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 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...

Deliveroo shares plunge on market debut – business live

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Rolling coverage of the latest economic and financial newsEarlier:

Deliveroo shares rise after rival Delivery Hero takes 5% stake

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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 c...

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...

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