A lack of loyalty eats into Deliveroo and Just Eat’s market share Retail This morning’s Deliveroo results position it for long term growth reflecting the evolving demand for takeaways amid shifting consumer behaviour. A six per cent increase in Gross Transaction Value (GTV) in its Q3 update comes as competition and changing market conditions continue to create challenges across the industry, with rivals such as Just Eat Takeaway [...]
Deliveroo: UK consumers help group’s growth Tech More Brits ordering takeout in the UK and Ireland helped Deliveroo post growth in its third quarter, as it maintained its full year guidance. The food delivery company booked gross transaction value (GTV) of £1.78bn, up six per cent year on year in constant currency, as orders jumped to 71.1m, up from 69.7m in the [...]
Why Uber chief thinks electric cars are ‘just plain better’ Transport and infrastructure Electric vehicles (EVs) are “just plain better”, the chief executive of Uber has claimed, as the ride-hailing app giant detailed plans to doubling down on accelerating to be fully electric in the UK. Dara Khosrowshahi made the comments as he spoke at Uber’s annual green event at the Science Museum in London on Tuesday. The [...]
Why are convenience stores all the rage? August 22, 2024 Earlier this week, Waitrose became the latest UK grocer to announce a big push into the convenience store market. The supermarket giant will open 100 stores in the next five years as part of a $1bn investment plan. Waitrose follows Asda, Morrisons (with its McColl’s estate), Tesco, Sainsbury’s and the Co-op in ploughing ahead with [...]
Burger King UK’s revenue spikes after restaurants revamped and new sites opened August 12, 2024 Burger King has reported a rise in sales and revenue in 2023 after a boost from new restaurant openings. Revenue spiked by a huge 30 per cent, although like-for-like sales only rose by three percent. The rise in revenue was due to growth in the “existing estate and new restaurants”, as well as “good cost [...]
Domino’s Pizza shares slump despite buyback as company lowers guidance August 6, 2024 Domino’s has reported a strong second quarter boosted by the Euro 2024 championship, as the fast-food giant announced a share buyback programme of £20m. However, the firm has also warned about future prospects. In a statement this morning, the company said that it expected earnings to fall at the lower end of its guidance for [...]
Greggs: Sausage roll-co breathe sigh of relief with ‘no plans’ to raise prices in 2024 July 30, 2024 Greggs has confirmed there are no plans to raise prices for the rest of the year, as London sausage roll-loving commuters breathe a sigh of relief. Chief executive Roisin Currie confirmed the news this morning are previous price increases of 5p for products were driven by wage increases, she said. The bakery boss added that [...]
Greggs: Bakery chain on a roll as sales up once again July 30, 2024 Greggs' total sales for the 26 weeks to June 29 reached £960m, crediting the boost in numbers to a partnership with Uber Eats and the roll-out of its evening trade plan.
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.
LAD Bible owner LBG Media shares soar 12 per cent as Euros and Betches deal drive growth July 24, 2024 The media company increased its global audience to 493m in the first half of the year, up from 410m in the same period of 2023.