Visma to snub Amsterdam for London IPO in rare win for Britain’s stalling market Tech Norwegian software giant Visma has provisionally selected London over Amsterdam for its upcoming IPO, a rare win for the UK’s shrinking public markets as the country battles to remain a viable home for high-growth tech listings. The €19bn firm – backed by British private equity firm Hg – has chosen the capital because of its [...]
UK a ‘standout’ destination for deals despite economic uncertainty Business The UK remains a “standout” destination for dealmaking among European peers despite wider economic uncertainty, new data shows. Global law firm White & Case LLP’s M&A Explorer found the UK was the top destination for mergers and acquisitions in Europe in the first six months of the year. Some 1,207 transactions worth a total of $118.6bn [...]
Whoppers on choppers: Deliveroo launches first drone-delivery service Retail Deliveroo has announced the rollout of a drone-delivery service for takeaways, with early test flights to be carried out in Ireland. Launching in Blanchardstown, Dublin, initial flights will be used to see how effective the drones are in delivering food, with the ultimate aim to expand the service across the UK and Ireland. “We have [...]
BGF’s £3bn pledge offers hope amid concerns over UK competitiveness May 28, 2025 The Business Growth Fund (BGF) has unveiled a £3bn commitment to back British businesses over the next five years which includes £500m earmarked for early stage start-ups in deep tech and life sciences. The organisation, which is one of the UK’s most prominent equity investors, has made the announcement at a pivotal time for the [...]
London loses Europe tech crown to Paris May 21, 2025 Paris has overtaken London as Europe’s leading tech hub for the first time, reigniting concerns over the competitiveness of the UK’s biggest city for a vital sector. The French capital has been named as the only non-US city in the world’s top five global ecosystems, according to Dealroom’s 2025 global tech ecosystem index, overturning years [...]
Deliveroo’s sale reignites fear over UK’s tech exodus May 9, 2025 When London-headquartered Deliveroo announced in early May that it had agreed to be acquired by US delivery giant Doordash, it triggered more than just a major shakeup in the food tech sector. To many in the industry, it was a familiar story – yet another prominent British tech firm snapped up by an overseas buyer. [...]
Key takeaways from Deliveroo’s Doordash deal May 6, 2025 Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
Deliveroo reaches agreement on £2.9bn DoorDash takeover May 6, 2025 The board of Deliveroo has said it has “reached agreement” on the terms of a takeover offer by US rival DoorDash as it prepares to exit the London Stock Exchange. The offer of 180p per share represents a premium of 44 per cent on Deliveroo’s closing share price on the day prior to the acquisition, [...]
Deliveroo to crack down on badly-behaved riders with policy hire April 24, 2025 Deliveroo is ramping up its efforts to crack down on badly-behaved drivers with a new senior hire. The London-based food delivery app has posted a job ad for a “rider policy manager” who will be tasked with creating policies “to address breaches of contract by riders which have a detrimental impact on the customer experience.” [...]
Deliveroo shares tick up after growth beats market expectations April 17, 2025 Shares in food delivery firm Deliveroo rose by more than two per cent this morning after the company announced strong quarterly growth. Growth transaction value (GTV) – a measure of revenue – rose by nine per cent year-on-year in the first quarter, with order growth up seven per cent. International GTV also rose nine per [...]