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 [...]
London IPO activity smashes new records as it already outpaced whole of 2020 October 6, 2021 London has retained its dominance as the most attractive European IPO venue by funds raised in the third quarter, continuing the deal momentum witnessed in the previous two quarters and reaching new record highs. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two [...]
Starbucks joins Deliveroo for app orders October 5, 2021 Coffee chain Starbucks and delivery app Deliveroo have joined forces. More than 400 of the chain’s stores are available to order on the Deliveroo app from today, with more stores being added throughout the month. Londoners can now order coffees alongside sandwiches and other menu items. Other areas involved include Birmingham and Manchester. Standard delivery [...]
Cake Box to open 20 new stores as Uber Eats and Deliveroo orders double sales October 4, 2021 Cake Box said this morning that its sales nearly almost doubled for the past six months amid a strong recovery in customer demand. The high street cream cake retailer said it was buoyed by its continued expansion, opening 20 new franchise sites over the six months to September, to bring it to a total of [...]
Deliveroo muscles in on rapid grocery delivery in London with Morrisons tie-up September 30, 2021 Deliveroo has made an entrance into the crowded rapid grocery delivery market by launching “Hop”, a partnership with Morrisons that will deliver groceries in south London from a dedicated “dark store”. Hop promises to deliver in “as little as 10 minutes” and launches today for initial delivery to residents in Vauxhall and Battersea in south [...]
Deliveroo launches free delivery offer for Amazon Prime members September 15, 2021 Amazon Prime members in the UK and Ireland will be able to get free unlimited delivery through a fresh partnership with delivery platform Deliveroo. All new and existing members of the online retailer’s speedy service will now be able to access a year’s Deliveroo Plus membership for free. Customers can use the offer on orders [...]
Gousto to double its London tech workforce with 250 new hires September 14, 2021 Gousto has announced a hiring spree to fill 250 tech roles as the meal kit company plans to double its London tech team. The company said its recruitment drive will mean its tech team will be 500-strong by the end of 2022. Gousto recorded its first full year of profitability, since launching, earlier this year [...]
Uber Eats, DoorDash, Grubhub sue New York City over caps on fees they can charge restaurants September 10, 2021 A group of food delivery giants including Uber Eats, DoorDash and Grubhub have teamed together to sue the City of New York over legislation that would impose a permanent cap on the commissions they can charge restaurants. The companies filed a lawsuit in federal court in New York late last night, seeking an injunction that [...]