Food Delivery

Delivery Hero Ramps Up Interest Payments To Raise €1bn Convertible Bond

Germany's Delivery Hero is offering investors significantly higher interest payments than it has done historically to raise €1 billion through a new s...

Delivery Hero Reports 2022 GMV Below Expectations

Online takeaway food company Delivery Hero has reported slightly lower-than-expected gross merchandise value (GMV) for 2022, citing foreign currency effect...

Spain Fines Delivery Hero's Glovo Over Hiring: Source

Spain's Labour Ministry has fined Glovo, the local business of Germany's Delivery Hero, €56.7 million for allegedly violating laws on hiring riders, a...

Deliveroo Sees Earnings Break Even In Second Half Of Year

Food delivery company Deliveroo said it achieved breakeven in adjusted earnings in the second half, boosting its margin for the year to a better-than-expec...

DoorDash Cuts 1,250 Jobs To Control Ballooning Costs

Food delivery firm DoorDash Inc plans to cut about 1,250 jobs, or 6% of its total workforce, as it looks to keep a lid on costs to cope with a slowdown in...

Delivery Hero Shares Soar On Upbeat 2023 Outlook, Profit Focus

Delivery Hero shares rose as much as 12% on Thursday after the loss-making German takeaway food company forecast a positive adjusted core profit margin for...

Instacart IPO Pulled Due To Volatile Market Conditions, Sources Say

Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing v...

Just Eat Delivers Q3 Profit As Cost Cuts Outweigh Lower Order Volumes

Just Eat Takeaway.com said it made an underlying quarterly profit earlier than expected as efforts to cut delivery and operating expenses offset falling or...