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 [...]
Uber reports better-than-expected results as food delivery drives growth Retail Uber reported stronger-than-expected second quarter results on expansion in its core business and increased orders for food and trips via membership subscribers. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at the NYSE-listed company grew by 71 per cent year-on-year to $1.6bn (£1.3bn) in the quarter ended June 30. Monthly active consumers of Uber [...]
Greggs: Bakery chain on a roll as sales up once again Business 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.