Deliveroo Share News (ROO)

IN BRIEF: Deliveroo plots move into DIY, homeware and electrical goods

Deliveroo PLC - London-based takeaway food delivery - Hosts on Wednesday first capital markets event since its London listing in March 2021, setting out the growth opportunities that it sees and confirming guidance for 2023. Gross transaction value is expected to grow by a lower-single-digit percentage at constant currency in 2023. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be GBP60 million to GBP80 million. This compares to an adjusted Ebitda loss of GBP45 million in 2022. In the medium-term, GTV growth is expected to be a mid-teens-percentage per annum at constant currency. Deliveroo expects to reach an adjust Ebitda margin of 4% of GTV by 2026.

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

LONDON BROKER RATINGS: Goldman starts M&G at 'buy'; Citi hikes B&M

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

LONDON BROKER RATINGS: Investors told to 'sell' Sage and Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

LONDON BROKER RATINGS: UBS cuts Auto Trader; Bryan Garnier likes Sage

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

LONDON BRIEFING: Virgin Money UK sees credit impairments jump

(Alliance News) - Stocks in London are expected to rise on Thursday, while US financial markets will be closed for Thanksgiving.

Deliveroo riders are not employees, UK Supreme Court rules

(Alliance News) - Deliveroo PLC riders are not workers entitled to trade union rights such as collective bargaining, the Supreme Court has ruled.

UK Supreme Court rejects classification of Deliveroo riders as 'workers'

(Sharecast News) - The United Kingdom's Supreme Court has unanimously rejected an appeal to class riders for online food delivery giant Deliveroo as "workers", drawing to a close a seven-year legal battle between the firm and the Independent Workers' Union of Great Britain.

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Deliveroo buys back GBP250 million in shares as part of tender offer

(Alliance News) - Deliveroo PLC on Tuesday said it has bought back GBP250 million in shares, as part of its tender offer.

Deliveroo maintains full-year outlook as transaction value rises

(Alliance News) - Deliveroo PLC on Thursday said gross transaction value for UK orders rose 9% in its latest quarter, with revenue increasing despite a "tough consumer backdrop".

Deliveroo backs annual guidance as Q3 GTV ticks up 5%

(Sharecast News) - Deliveroo backed its full-year guidance on Thursday as it posted a 5% increase in third-quarter gross transaction value (GTV), pointing to improving growth trends.

LONDON BROKER RATINGS: Stifel says hold S&N; JPM neutral on Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

LONDON BRIEFING: Ashmore assets down; St James's Place reviews fees

(Alliance News) - Stocks in London are expected to open lower on Friday, as stubborn US inflation data tests the recent optimism about the path of interest rates.

UK earnings, trading statements calendar - next 7 days