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...

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...

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...

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 valuation drops £1bn ahead of London flotation

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The flotation of Deliveroo on Wednesday will value the company at £7.6bn after concerns over workers’ rights and volatile stock markets chipped more than £1bn off the top-end valuation. Last week, the meal delivery se...

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 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 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 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...

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 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 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 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 unveils plans to pull out of Spain in wake of ‘rider law’

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Deliveroo has announced plans to pull out of Spain only months after the government promised a law to give gig economy workers greater employment rights. Deliveroo, which is headquartered and listed in London, said re...

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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