Deliveroo picks banks as it gears up for blockbuster float January 13, 2021 Deliveroo is said to have tapped four investment banks as it prepares for a blockbuster float on the London Stock Exchange this year. The food delivery app has hired Bank of America Merrill Lynch, Citi, Jefferies and Numis to work on an initial public offering that could value it at more than £5bn, Sky News [...]
Deliveroo to roll out to 100 new towns and cities in 2021 January 12, 2021 Deliveroo will expand its service to 100 new towns and cities across the UK in 2021, following increased demand for business in 2020. The towns and cities earmarked for expansion include Yeovil, Bangor (Northern Ireland), East Kilbride, King’s Lynn, Scarborough, Llanelli and Exmouth. The move will mean the takeaway delivery app is available to 4 [...]
Coronavirus helps Deliveroo take home profits in 2020 December 21, 2020 Deliveroo has recorded profits for six months in 2020, with coronavirus helping the business turn the tide on last year’s losses. The last 12 months have marked a year of growth for the food delivery app, following a couple of years of investment that saw losses at the business run into the hundreds of millions. [...]
Deliveroo appoints new chair ahead of rumoured public listing November 25, 2020 Takeaway delivery app Deliveroo has appointed Claudia Arney as the company’s first chair, as the business heads for change in 2021. The move comes as Deliveroo prepares to pursue a rumoured public listing in the coming months. Arney has worked in executive roles primarily focused on building digital businesses including at Pearson, The Financial Times, [...]
Deliveroo adds ex-Worldpay CFO to board November 13, 2020 Former Worldpay chief financial officer Rick Medlock has joined Deliveroo’s non-executive board. The move comes as the takeaway delivery app prepares to pursue a public listing in the coming months, Sky News reported. Sources told Sky News that Deliveroo had also been approaching candidates for its chairmanship. Deliveroo is said to have appointed bankers at [...]