Deliveroo and Waitrose expand grocery delivery deal after strong demand
The delivery firm has been offering delivery services from 40 Waitrose shops as part of a trial launched last September
Company
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.
110 stories · page 6 of 6
The delivery firm has been offering delivery services from 40 Waitrose shops as part of a trial launched last September
The food delivery service maintained full-year guidance as announced on the prospectus
Archive
It is set to be an active day in the diary particularly for stock market newbie Deliveroo.
Investments and investor services
Deal is worth US$40bn or more than double previous largest 'blank cheque' merger
Deliveroo's investment advisors got the pricing of the flotation badly wrong but compared to US counterpart Doordash its offer price did not seem so super-sized based on some valuation metrics
The stock has been holding up despite fears of retail investors offloading their shares, although it's still trading 27% below the IPO price
Riders are demanding fair pay, safety protections and basic workers’ rights, with socially distanced protests also planned
Archive
Deliveroo Sinks 31% After IPO as Funds Shun Gig-Worker Model This article by Swetha Gopinath for Bloomberg may be of interest to subscribers. Here is a section: “It’s not a great endorsement of setting IPOs in the U.K.,” said Neil Campling,
It's not just the workers scandal that prompted a share plunge on the very first day of trading
Shares were placed at 390p but were trading as low as 271p earlier on Wednesday after opening at 331p