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The Latest Breaking News from Will Shu

Deliveroo makes annual profit for first time

The £3m 2024 figure compares with £32m loss in 2023 and comes despite ‘uncertain consumer environment’

The Guardian - UK

Food App Deliveroo Delivers First Annual Profit

Food delivery app Deliveroo announced Thursday its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

International Business Times

Deliveroo boss says groceries could eclipse takeaway orders after first profit

Groceries and retail accounted for about one-sixth of order income last year, but founder Will Shu said this could reach 50% or more.

Evening Standard

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Deliveroo makes first full year of profit after expanding shopping ranges

The delivery giant, which has been branching out from takeaway food to groceries, said the UK is facing an ‘uncertain’ consumer environment.

The Independent UK

‘I wouldn’t wish this on anyone’: the food delivery riders living in ‘caravan shantytowns’ in Bristol

Gig economy workers for Deliveroo and Uber Eats in the city are living in appalling conditions, while putting in long hours, earning low pay and facing mental health problems

The Guardian - UK

Is Deliveroo driving Londoners bananas?

“I'm getting bored just reading this”

Evening Standard

Deliveroo’s push into grocery orders helps deliver ‘profit milestone’

Diversification plan and growing consumer confidence prompts £1m profit for courier in first half of year

The Guardian - UK

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Asda sales fall as customers switch to supermarket rivals – as it happened

Asda, Britain’s third biggest supermarket group, posted a 5.3% decline in underlying sales in the three months to the end of June

The Guardian - UK

Deliveroo shares rise after reported takeover interest from US rival

Potential tie-up with meal-delivery firm Doordash was reportedly discussed but rejected in May

The Guardian - UK

New York listing not on the cards, Deliveroo boss says as it nears profitability

The boss of Deliveroo has said he is not considering a US listing despite a spate of firms ditching the London stock market for New York or a private equity takeover in search of higher valuations.

Evening Standard

Deliveroo to let customers mix groceries and takeaway orders

Deliveroo customers can now enjoy champagne with their kebab or prosecco with their pizza under new order options introduced on its app.

Evening Standard

Deliveroo eyes first ever dividend amid resilient demand

Deliveroo shareholders could receive their first ever dividend later this year a decade after the meal takeaway app was founded in London.

Evening Standard

Breathing on smartphone to determine healthy diet is the future, report says

Personal devices could be enabled with ‘BreathTech,’ offering insights into foods one should be eating, report says

The Independent UK

Breathing on smartphone to determine healthy diet is the future – Deliveroo

Consumers should expect personal devices to be enabled with ‘BreathTech’, allowing ‘a deep level of insight’ into the foods you should be eating.

The Independent UK

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Evening Standard

Deliveroo riders paid ‘£2.90 per delivery’ protest outside AGM in London

Riders who work 50 hours a week are calling for better pay and conditions

The Independent UK

Deliveroo riders to confront bosses over pay and ‘insecure’ jobs

Riders will challenge the company’s board at its annual general meeting on Wednesday.

Wales Online

Deliveroo riders to challenge board over pay and ‘insecure’ jobs

The takeaway firm has defended 'flexible work, attractive earning opportunities and security' it offers employees

The Guardian - UK

UK’s competition watchdog aims for leading global role

Ruling against Microsoft Activision merger looks like warning shot as CMA takes on task of regulating big tech after Brexit

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Evening Standard

Will Shu net worth | Evening Standard Tech Rich List

In search of a better and faster alternative to the humble Tesco meal deal, Will Shu quit Morgan Stanley to set up his own delivery empire.

Wales Online

Deliveroo is giving away £10 vouchers to celebrate its 10th birthday

30,000 vouchers can be spent on Monday and Tuesday this week

Chronicle Live

Deliveroo cuts 350 jobs as families rein in spending on takeaways

Demand boomed during the pandemic as restaurants closed but founder now admits "Our fixed cost base is too big"

The Guardian - UK

Deliveroo cuts 350 jobs, mostly in UK, after fall in online orders

We grew our headcount too fast and face serious economic headwinds, says CEO Will Shu

Manchester Evening News

Manchester jobs at risk as takeaway delivery firm Deliveroo reveals plans to cut around 350 roles

Deliveroo is the latest well-known technology company to announce job cuts in recent months

Wales Online

Deliveroo to cut hundreds of jobs

Its chief executive said costs were too high

Daily Mirror

Deliveroo to cut 9% of its workforce as mass tech giant jobs cull continues

Food delivery giant Deliveroo went on a hiring spree during Covid lockdowns - but the business has now been hit as the cost of living forces customers to cut back

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