Exclusive: Deliveroo’s Thea Rogers leaves exec spot to focus on new baby and ‘new chapter’ March 22, 2022 Senior Deliveroo executive Thea Rogers has announced she will be leaving the food delivery firm after five years to focus on her family.
Deliveroo poaches Money Supermarket chief financial officer June 20, 2022 Deliveroo has poached MoneySupermarket.com’s chief financial officer for the same role at the food delivery firm. The London-listed platform announced on Monday that Scilla Grimble will join the company as CFO and board director by no later than June 2023. Current CFO Adam Miller will initially be replaced by Deliveroo’s VP for investor relations David [...]
Deliveroo gears up for Supreme Court challenge over workers’ rights September 5, 2022 A gig economy union is readying to take Deliveroo to the Supreme Court, following its partnership deal with another union. The Independent Workers’ Union of Great Britain (IWGB) said it is set to challenge Deliveroo in the Supreme Court, alleging a denial of collective bargaining rights. In May, the union received criticism from workers after announcing [...]
Deliveroo: UK orders pass £1bn mark as takeaway giant remains upbeat about 2023 January 19, 2023 Quarterly orders on Deliveroo in the UK and Ireland passed the £1bn mark for the first time at the end of last year, the takeaway giant reported today, adding that it was confident about the year ahead despite much economic uncertainty. The food delivery company reported a seven per cent increase in gross transaction value [...]
Asda and Deliveroo partner up for rapid grocery delivery roll-out August 5, 2022 Asda and Deliveroo have announced a partnership for the rapid delivery of groceries, with a roll-out launching in 15 stores. Wakefield, Leeds and Manchester are among the first cities for the roll-out, with 2,400 products available from the Asda range that can be ordered via Deliveroo. Asda plans to launch 300 stores on the Deliveroo [...]
Deliveroo shares slide as £1.9bn reported revenue fails to bolster market confidence in food delivery favourite March 16, 2023 Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has seen its share price fall consecutively over the past 12 months due to tough market [...]
Week ahead: ECB Lagarde to sign off on another 50 point interest rate hike and Deliveroo updates markets March 12, 2023 Topping City traders’ minds this week will be what is tipped to be another 50 basis point interest rate hike by the European Central Bank (ECB) on Thursday. The monetary authority of the 20 countries using the euro has explicitly told markets to expect another steep rate hike this week and possibly more in the [...]
Deliveroo: Nine per cent dip in orders as Brits lay off takeaways in hard times – but revenues propped up by ads April 20, 2023 Deliveroo reported a disappointing nine per cent drop in takeaway orders but it was not enough to dampen a spike in its revenue for the first leg of the year. Tthe average number of customers visiting the app fell to 7.1 million from 7.6 million in the same period last year, as high inflation and [...]
Widening losses for Deliveroo while Next chair Lord Wolfson exits board August 10, 2022 Delivery platform Deliveroo has posted a heftier loss while also announcing the departure of Next chair Lord Simon Wolfson from its board. In its half-year results, the London-listed firm posted an adjusted EBITDA loss of £68m, a wider loss than the £26m posted in the first half of 2021. However, it marked an improvement of [...]
Deliveroo union deal branded ‘desperate attempt for positive PR’ May 12, 2022 Deliveroo has been criticised over a “publicity stunt” union deal, with investors unsure of what the move means for riders’ rights. The union announced on Thursday it was forging a “first of its kind” union recognition deal with GMB union, which has not traditionally been associated with the gig economy. The Independent Workers Union of [...]