Deliveroo goes for speed as it joins forces with WHSmith for new 20 minute delivery service March 29, 2022 Online delivery giant Deliveroo said this morning it will soon be able to deliver a raft of products, from printer cartridges to bestselling novels, to customers in under 20 minutes. The company has joined forces with WHSmith as it continues to expand further from its traditional takeaway delivery business. It is Deliveroo’s first major leap [...]
Deliveroo losses widen with warnings of future cost pressures March 17, 2022 Deliveroo has reported widening losses of £131m as the food delivery firm warned of the impact of hiked costs. The firm said its core adjusted loss had widened compared to a loss of £11m in 2020, citing increased marketing spend and investment into technology. However, revenue soared 57 per cent, with food delivery apps benefiting [...]
London faces logistics space crunch as e-commerce firms take over city March 4, 2022 London would run out of available industrial space within five months, should the current take-up rate continue, amid an e-commerce boom. The capital and the South East are facing running out of industrial and logistics spaces, according to a report published today by London First, in partnership with CBRE. It comes as the pandemic has [...]
Deliveroo celebrates 70 per cent jump in transactions with average orders per customer climbing to 3.4 per month January 20, 2022 Deliveroo saw sales jump last year as customers continued to increase the number of orders they placed on the platform despite lockdown easing. The company said that gross transaction value – its favourite measure – rose 70% around the world, at the top end of what it had told shareholders to expect. In the UK, [...]
LSE defends itself against criticism over tech firm valuations January 13, 2022 The London Stock Exchange has defended itself after criticism that it was “toxic to tech companies” by an investor in Darktrace and Deliveroo. Neil Shah, the LSE’s tech sector specialist, told The Telegraph that there were “lots of good companies achieving robust valuations in London”. Many of the tech firms that have gone public in [...]
Deliveroo to launch three ‘dark kitchens’ in London amid expansion push December 22, 2021 Deliveroo has opened three 'dark kitchens' in London which will house chefs from popular London restaurants as it pursues expansion.
Gig workers on the verge of wider employee rights under EU plans December 9, 2021 The European Commission announced this morning draft rules to give workers at online platform companies such as Uber and Deliveroo better social rights, but which companies say could lead to job losses and more litigation in court.
Deliveroo shares sink to record lows amid fears of EU gig economy crackdown December 6, 2021 Shares in Deliveroo slumped as much as 9.6 per cent this morning following reports of the European Commission’s proposed labour rule changes that would influence rider remuneration. European rivals Just Eat and Delivery Hero also fell around 6 per cent on fears that the strict new rules could hamper their profitability. It comes just days [...]
Shares drop as Deliveroo founder sells £47m stake to settle tax bill December 2, 2021 Deliveroo's stock is down 4.5 per cent after takeaway business founder Will Shu had to sell off £47m of his shares to pay a tax liability.
Deliveroo keeps going strong in quarter results October 20, 2021 Deliveroo has registered a 58 per cent increase in gross transaction value in the third quarter of 2021, while the growth in active consumers and orders has continued to improve, going up 56 and 64 per cent respectively. “We have continued to make good progress executing against our strategy, resulting in strong performance in the [...]