Online food delivery service Deliveroo has “immediately” ceased operations in Australia, leaving over 15,000 workers in limbo. The company went into voluntary administration after its UK parent company, Deliveroo PLC, decided to cease funding and exit the Australian market. “It is with deep regret that Deliveroo is taking the difficult decision to end our operations…
Food Delivery Service Deliveroo Closes Shop in Australia, 15,000 Riders Left on the Wayside
Deliveroo Warns of Slower Consumer Spending After Posting 12 Percent Rise in Order Value
April 13, 2022
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Britain’s Deliveroo said on Tuesday that consumer spending could slow for the remainder of the year after the food delivery firm reported higher order values for the first quarter. The warning comes as Europeans face a cost-of-living squeeze due to higher energy bills and soaring inflation, exacerbated by the Russia–Ukraine crisis. The quarterly 12 percent…
UK’s Deliveroo Losses Swell to £298M as It Predicts Growth Slowdown
Takeaway delivery specialist Deliveroo has revealed that its losses ballooned last year as it pumped more cash into its rapid growth plans. The company posted a £298 million pre-tax loss for the year, compared with a £213 million loss in 2020, but stressed that it has a long-term plan for profitability. It told investors on…
EU Lays out Plan Giving Rights to Uber, Deliveroo Drivers
BRUSSELS—The European Commission announced draft rules on Thursday to give many workers such as couriers for online platform companies including Uber and Deliveroo employee benefits, a move which labour unions say is overdue but some companies argue will lead to job losses. The proposal, a global first that needs to be thrashed out with EU…
Deliveroo Upgrades Full-Year Forecast After Strong Third Quarter
LONDON—Food delivery company Deliveroo upgraded its full-year growth forecast on Wednesday after the gross value of its orders in the third quarter increased 58 percent year-on-year, despite lockdown measures easing in most of its markets. The British company, which had performed strongly during lockdowns, said it expected its gross transactional value to rise by 60–70…
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