Deliveroo: From startup to stock market launch | Malay Mail

A biker wearing a Deliveroo backpack drives in the central Barcelona July 23, 2019. — Reuters picLONDON, March 31 — App-driven meals delivery group Deliveroo has enjoyed a dazzling ride in a short space of time but faces questions over its sustainability, highlighted by its poor stock market debut on Wednesday.Deliveroo’s initial public offering was London’s biggest stock market launch for a decade, valuing the group at £7.

Born in 1979, Shu took inspiration from Amazon and in 2019 the American giant took a 16 per cent stake in Deliveroo. The company also delivers food items from supermarkets—one of the only retail types allowed to remain open during lockdowns—and works with big brands including Aldi, Carrefour and Marks and Spencer.Despite surging sales, the group suffered a net loss totalling £226 million last year, hit by higher costs caused in part by taking on more riders to meet demand.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stock markets dip on caution before Fed, earnings | Malay MailNEW YORK, April 28 ― Shares eased from record peaks yesterday as optimism about a global economic recovery was dented by caution before a policy decision by the US Federal Reserve and earnings updates from a number of blue-chip companies. MSCI's gauge of stocks across the globe shed 0.11 per...
Source: malaymail - 🏆 1. / 86 Read more »

Malaysia dominates global sukuk markets in 2020, chalks up market share of 39.2pc | Malay MailKUALA LUMPUR, April 1 — Malaysia continues to dominate global sukuk markets in 2020 with a market share of 39.2 per cent despite the impact of the pandemic on the global economy and economic sentiment. RAM Rating Services Bhd (RAM Ratings) revealed that global sukuk issuance rose 16.8 per cent to...
Source: malaymail - 🏆 1. / 86 Read more »