Deliveroo: Delivery group posts profit, launches buyback amid ‘encouraging’ signs in consumer behaviour August 8, 2024 Deliveroo posted a profit of £1m in the first half of 2024, rebounding from a loss of £83m in the same period last year. Shares rose over six per cent on Friday morning as gross transaction value (GTV) came in just under £3.7bn, up five per cent year on year from £3.5bn. The food delivery [...]
Tortilla shares plummet as chain takes revenue hit after quitting Deliveroo July 24, 2024 Mexican fast food chain Tortilla has taken a hit to its revenue after ending its partnership with Deliveroo in a bid to cut down on delivery commission charges.
VC firm Index Ventures raises £1.8bn to back UK start-ups and unicorns like Revolut July 10, 2024 The VC firm believes that rapid advancements in artificial intelligence (AI), a deep talent pool and proven hyper-growth playbooks are driving big opportunities.
Deliveroo approach from Doordash failed but analysts say it ‘may only be the start’ June 26, 2024 Deliveroo, which has long been seen as a target for a merger or acquisition, may not have agreed to a deal this occasion, but analysts at Jefferies said the approach "may only be the start".
Deliveroo, Just Eat Takeaway, Delivery Hero, and Doordash lose nearly £16bn over seven years May 29, 2024 Europe and the US's top online food delivery companies have lost over $20bn (£15.6bn) in operating losses over the past seven years.
As Getir leaves the UK, can challengers crack the grocery delivery market? April 25, 2024 Just a few years after Getir entered the UK market during the Covid-19 pandemic, the brand is reportedly preparing to leave. The grocery delivery service’s exit is set to be announced this week, following its departure from Spain, France, and Italy earlier this year. So how did Getir get here? YouGov BrandIndex data shows that, [...]
Deliveroo treads water in first quarter but still projects growth for 2024 April 18, 2024 Deliveroo said orders were flat, reflecting the stagnant market, and the consumer landscape was "more stable but still uncertain".
Deliveroo: Top bosses get first pay rise since tumultuous London IPO March 21, 2024 The top bosses at Deliveroo have been awarded their first pay rises since the company's float on the London Stock Exchange almost three years ago.
Deliveroo ends 2023 on a high, expects positive cash flow in 2024 March 14, 2024 Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year.
Valentine’s Day derailed as strikes disrupt deliveries from Uber Eats, Deliveroo and Just Eat February 13, 2024 Valentine's Day plans are under threat as a barrage of strikes scheduled for Wednesday could disrupt doorstep deliveries.