Food Delivery

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...

Former Ahold Delhaize CEO Boer Nominated For Chair At Just Eat Takeaway.com

Just Eat Takeaway.com has nominated former Ahold Delhaize chief executive Dick Boer for appointment to the role of chair, and a member of its supervisory b...

Russia's Yandex Launches Food Delivery Service In Armenia

Russian tech giant Yandex on Wednesday said it had launched food delivery service Yandex Eats in Armenia, delivering on a promise to develop its e-commerce...

Food Delivery Companies Revamp For Cost-Of-Living Crunch

The loss-making food delivery sector was one of the big beneficiaries of the COVID-19 pandemic, but that effect has waned as consumers, faced with surging...