Life in the Fast (Food) Lane November 20, 2023 Integrum ESG’s sentiment tracker flagged a spike in negative sentiment for Deliveroo – here’s a quick summary of what we saw: A short summary Last week, a 17-year-old tragically died in a motorbike accident. This occurred while he was delivering food on a borrowed motorbike, using an illegally rented rider account from an ‘approved’ Deliveroo [...]
Sausage roll chaos: Greggs forced to go cash-only and some close due to payment issues March 20, 2024 Consumers in England and Wales are reporting closed shops or cash-only payments
Just Eat slashes 1,700 jobs as food delivery giant re-embraces ‘gig economy’ model March 21, 2023 Just Eat has been forced to slash 1,700 delivery driver jobs and 170 head office roles, after the service has seen a slow down in takeaway demand. The food delivery group, whose rivals include Deliveroo and Uber Eats, said the group was looking to improve efficiency and reduce costs. Just Eat, which has some 15,000 [...]
Greggs: Baker rakes in £2 of every £100 spent in hospitality industry – and analysts expect that to double January 10, 2024 British bakery and fast food chain Greggs said it plans to open between 140 and 160 net new shops in 2024, as it toasts soaring sales in the fourth quarter.
Domino’s shares spike as rating upgraded with potential for 360 more UK stores February 20, 2024 Shares in Domino’s Pizza were delivered a surprise boost this morning after analysts upgraded its rating on the stock, and encouraged the UK’s biggest pizza maker to expand.
Uber reveals UK profit for the first time: £32 million July 16, 2023 Uber booked £3.4 billion in revenue from the UK segment of its business last year, it has been revealed.
Domino’s Pizza launches ambitious bid to ramp up sales and store openings by 2028 March 12, 2024 Domino’s Pizza has outlined plans to accelerate growth, eyeing 1,600 UK and Ireland stores delivering £2bn of system sales by 2028.
Deliveroo closes Australian business amid ‘challenging economic conditions’ November 16, 2022 Deliveroo is leaving the Australian market, citing ‘challenging economic conditions’ and fierce competition. The delivery giant said it had been a “difficult decision”, but “achieving a sustainable position of leadership in the market is not possible without a disproportionate level of investment which would have highly uncertain returns”. “Deliveroo, like all other companies, is now [...]
Uber shares jump after food delivery service reports profits for first time February 10, 2022 Uber shares last night jumped more than 6 per cent in post-market trading after its food delivery service, Uber Eats, reported its first profit ever. In the fourth quarter of 2021, Uber Eats reported a $25m EBITDA profit, while Uber’s revenue grew 83 per cent to $5.8bn, beating analysts’ forecast of $5.36bn. The group’s mobility [...]
All night long: Greggs feels benefit of evening opening hours October 3, 2023 Sausage rolls are proving a hit long into the evening as high street baker's longer opening hours begin to pay off