Key takeaways from Deliveroo’s Doordash deal May 6, 2025 Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
Deliveroo reaches agreement on £2.9bn DoorDash takeover May 6, 2025 The board of Deliveroo has said it has “reached agreement” on the terms of a takeover offer by US rival DoorDash as it prepares to exit the London Stock Exchange. The offer of 180p per share represents a premium of 44 per cent on Deliveroo’s closing share price on the day prior to the acquisition, [...]
Deliveroo to crack down on badly-behaved riders with policy hire April 24, 2025 Deliveroo is ramping up its efforts to crack down on badly-behaved drivers with a new senior hire. The London-based food delivery app has posted a job ad for a “rider policy manager” who will be tasked with creating policies “to address breaches of contract by riders which have a detrimental impact on the customer experience.” [...]
Deliveroo shares tick up after growth beats market expectations April 17, 2025 Shares in food delivery firm Deliveroo rose by more than two per cent this morning after the company announced strong quarterly growth. Growth transaction value (GTV) – a measure of revenue – rose by nine per cent year-on-year in the first quarter, with order growth up seven per cent. International GTV also rose nine per [...]
UK surges ahead of France and Germany as Europe’s ‘innovation powerhouse’ April 14, 2025 HSBC Innovation Banking, a subsidiary of Europe’s biggest lender, hailed the UK’s enterprise value in its latest innovation report. UK innovation firms raised £3.2bn of venture capital in the first three months of the year – an eight per cent increase from the first quarter of 2024. The quarter attracted higher amounts of funding, with [...]
Deliveroo exec: London restaurants can’t take more tax hikes April 8, 2025 London's restaurants can't take more punishing tax hikes, writes Deliveroo's chief business officer Carlo Mocci in today's Notebook.
Poor co-ordination was ‘open invitation’ for small boats, Starmer says March 31, 2025 Poor co-ordination between policing and intelligence agencies was an “open invitation” to people smugglers transporting arrivals in small boats, Sir Keir Starmer has claimed. The Prime Minister has said his government “inherited this total fragmentation between our policing, our Border Force and our intelligence agencies” and warned there were “gaps in our defence, an open [...]
Deliveroo: Will Shu lined up for massive pay day March 20, 2025 The founder and chief executive of Deliveroo could be in line for massive pay day in the wake of the FTSE 250 delivery giant making its first annual profit. The company could hand Will Shu a pay packet of more than £5.6m after adding the CEO to its long-term incentive plan and if Deliveroo’s shares [...]
Deliveroo reports first full year of profit March 13, 2025 A bump in the number of people ordering takeaways and groceries in the UK and Ireland helped Deliveroo swing to a profit last year. The food delivery company told markets this morning that gross merchandise value (GTV) increased by five per cent to £7.4bn in the year ended December 31, up from £7bn last year. The [...]
Deliveroo ‘underappreciated’ after Hong Kong exit March 10, 2025 London broker Panmure Liberum has described takeaway giant Deliveroo as “underappreciated” after its Hong Kong exit. It added that concerns the company could be pushed out of other international markets by better-funded competitors were “noise”. Deliveroo announced its exit from the Hong Kong market this morning, selling some assets to Foodpanda and closing other assets. [...]