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Pin to quick picksDeliveroo Share News (ROO)

Share Price Information for Deliveroo (ROO)

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Share Price: 129.60
Bid: 129.80
Ask: 130.00
Change: -2.50 (-1.89%)
Spread: 0.20 (0.154%)
Open: 130.30
High: 132.10
Low: 128.00
Prev. Close: 132.10
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Just Eat Takeaway to end Paris delivery service, around 100 jobs affected

Thu, 18th Jan 2024 16:55

AMSTERDAM, Jan 18 (Reuters) - Just Eat Takeaway will close its in-house delivery service in Paris, Europe's largest meals delivery company said on Thursday, a move which could impact around 100 jobs.

Just Eat has championed employing its own couriers in Europe rather than using "self-employed" couriers as is common in the gig economy and favoured by competitors such as Uber and Deliveroo, which are both bigger in France.

Just Eat said it was at a competitive disadvantage in France as a result, and abandoned its in-house delivery operations in most of France in 2022 in favour of a third-party courier service, Stuart, which uses self-employed couriers.

In Paris the company will now move to a similar model, a Just Eat Takeaway France spokesperson said in a statement.

CEO Jitse Groen, speaking to reporters on Wednesday, criticised the European Union's failure to approve the Platform Work Directive, a law which would create a "presumption of employment" for gig workers.

"I think it's a shame that European governments, especially the ones that have very stringent strong (labour) beliefs, such as France, are opposing this legislation," he said.

Earlier this week, Just Eat Takeaway said it expected to report 2023 core earnings ahead of its forecast, after it broke even on free cash flow in the second half of 2023. (Reporting by Toby Sterling, Benoit Tessier and Benoit Van Overstraeten; Editing by Sudip Kar-Gupta and Jane Merriman)

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13 Dec 2023 09:03

EU lawmakers, countries agree on a bill on gig workers' rights

BRUSSELS, Dec 13 (Reuters) - European Union lawmakers provisionally agreed on Wednesday on a bill aimed at giving workers at online companies such as Uber and Deliveroo employee benefits, which if adopted would be a global first.

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6 Dec 2023 09:19

LONDON BROKER RATINGS: RBC likes 3i; JPMorgan raises Ocado

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

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5 Dec 2023 11:58

LONDON MARKET MIDDAY: FTSE 100 lower amid pre-US jobs data nerves

(Alliance News) - Stock prices in London were mixed on Tuesday afternoon, with gains for the property sector pushing the FTSE 250 higher, but miners weighing on the FTSE 100.

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5 Dec 2023 10:57

Trading halted in hundreds of firms as LSE suffers outage

(Alliance News) - The London Stock Exchange saw trading halted on hundreds of stocks on Tuesday after another outage on the stock market.

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30 Nov 2023 09:57

LONDON BROKER RATINGS: Citi and Peel up B&M; JPMorgan cuts 888

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

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29 Nov 2023 12:07

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.

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29 Nov 2023 12:02

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.

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28 Nov 2023 09:27

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:

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24 Nov 2023 09:23

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

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

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23 Nov 2023 10:11

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:

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23 Nov 2023 07:50

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.

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21 Nov 2023 12:09

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.

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21 Nov 2023 10:49

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.

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16 Nov 2023 09:40

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

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

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31 Oct 2023 10:07

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.

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