Stock-picking in the UK and European internet companies is tough but Deliveroo offers good risk/reward, says JPMorgan
Meanwhile Rightmove was downgraded to an effective 'sell' by the investment bank
Company
Deliveroo PLC
LON:ROO
Deliveroo is on a mission to transform the way customers eat. A key ingredient of our success is having the best selection of popular restaurants to choose from. Whether people want a pad Thai in the evening, a salad at lunch, or freshly scrambled eggs for breakfast - we’ve got it covered. By constantly innovating and expanding, we offer the best choice and convenience. Our aim is to bring great food direct to customers as fast as possible, in less than 30 minutes.
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Government steps up push to attract tech companies to London
Payments group Checkout.com, bank OakNorth; and Zepz, a money transfer business, all dialled in
Deliveroo sees full-year gross transaction value at top end of guidance as orders remain high
The food delivery group's active customer base has more than doubled to 8 million in the two years since the pandemic struck
Deliveroo upgraded by JP Morgan as restaurant sign-ups gather pace
JPM estimates Deliveroo leads in all UK tier 1 and 2 cities for restaurant selection
Deliveroo upgrades revenue guidance after tie-ups with Amazon Prime, Morrisons
Full-year gross transaction value is forecast to climb 60-70% instead of 50-60% as previously stated
Deliveroo mastery of 'dark arts' will further disrupt grocery sector, says broker
"In our view, the dark store model is the recipe for the long-overdue digitalisation of convenience grocery, while also a business model with scope for attractive returns," say analysts at Jefferies
Amazon and Deliveroo take aim at Just Eat with Prime deal
Just Eat shares fell 4% as investors worried about the incrested competition
Deliveroo: Lemsip to the doorstep? Why a mooted tie-up with Boots could also bring paracetamol to the patio and make-up to the main gate
The pair will collaborate on a pilot programme that will initially connect 14 mainly city centre stores, according to media reports
Deliveroo shares return to IPO price after four months
The takeaway delivery firm's shares hit an all-time high of 393.9p on Tuesday morning, the first session in which the stock rose above its float price of 390p
Deliveroo finds market hard to please despite strong set of interim results
Investors were probably spooked by the outlook statement as orders will keep growing but the transaction value will shrink
Deliveroo hits new high after rival Delivery Hero builds stake
The delivery group has been at its highest level since debuting the market in March
Deliveroo wants to exit Spanish market
It would be too costly to become a market leader and the returns would be uncertain, the company said
Deliveroo feeling the heat as Just East Takeway ups market share, says broker
JET is also preparing to launch grocery in a new battlefront
Deliveroo says trading ahead of expectations but warns of margin pressure
Full-year guidance on the growth in gross transaction volumes has been raised but the company also revealed that the gross profit margin will be in the lower half of the guidance range
Deliveroo and Just Eat Takeaway.com not overly appetising, according to JPMorgan
JP Morgan is neutral on both stocks ahead of trading updates due in the next few weeks
Deliveroo shares climb as riders classed self-employed by UK court
Union was not given leave to appeal the ruling sending Deliveroo shares up nearly 9%
Deliveroo, Just Eat, Uber Eats rake in cash from hidden costs, says research
It turns out ordering directly with a restaurant can be significantly cheaper
Community takeaway delivery service planned to rival Deliveroo, Just Eat
The aim is to serve the community and without "these vampires in America sucking wealth out", said the Good Law Project
Analysts disagree on Deliveroo
Bears are looking at the huge competition and challenges to grow the business at scale
IPO boom in early 2021 eclipses all-time high from 2000
Around 875 firms have raised at least US$1mln through initial public offerings so far this year, surpassing the previous high of 592 firms that floated during the 2000 dot com boom