Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
’That sinking feeling has now hit shares in Europe after falls on Wall Street amid concerns that inflationary pressures are still mounting and growing evidence that consumer confidence is suffering amid the cost of living squeeze.
The FTSE 100 and FTSE 250 have opened lower, but there were sharper falls on the DAX in Germany and the CAC 40 in Paris. Worries are resurfacing about an escalation of the war...
17 March 2022
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’Deliveroo is riding deeper into the red, as it shifts gears to try to carry off a bigger slice of the takeaway market. All muscles are pumping in terms of sales, with gross transactional value jumping by 71%. It’s making a huge effort to pedal into new markets to try and widen its reach of riders across the UK and that’s encouraged investors, with the share price rising by more than 5%...
Third-party food delivery companies in Europe aren’t doing so hot. The European Commission, the executive branch of the EU, is scheduled to meet this week to propose what speculators believe will be stricter labor rules to regulate the gig economy in the region.
Specifically, reports suggest that the commission will require gig companies to directly employ their couriers, rather than classify them as independent contractors. On the heels of that news, investors have soured on food delivery...
https://www.freightwaves.com/news/food-delivery-apps-face-eu-crackdown-are-us-companies-next
Deliveroo, the Amazon (NASDAQ:AMZN) backed U.K. food delivery company, announced on Monday it will price its initial public offering in a range of $5.39 to $6.35 per share. If it goes public at that price range, it would value the company at nearly $12 billion.
Founded in 2013, Deliveroo announced it would go public on the London Stock Exchange with a time-limited, dual-class share structure that will ensure founder and CEO Will Shu retains a large role in moving the company forward.
“We are...
https://s29755.pcdn.co/news/amazon-backed-deliveroo-sets-ipo-price-valuation-near-12b
Deliveroo, a U.K.-based food delivery firm founded in 2013 and now backed by Amazon, announced Thursday it would go public on the London Stock Exchange with a time-limited, dual-class share structure that will ensure founder and CEO Will Shu retains a large role in moving the company forward.
An initial target price or time frame for the share offering was not announced.
“Deliveroo was born in London. This is where I founded the company and delivered our first order. London is a great place to...
https://s29755.pcdn.co/news/from-near-bankruptcy-to-ipo-deliveroo-set-to-go-public
La compañía creada y comandada por Jeff Bezos lidera una ronda de financiación de 514 millones de euros. Amazon se ha puesto al frente de un grupo de inversores que acaba […]