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About: http://data.cimple.eu/news-article/a50c7a66543a2beb5fedc9d2c7b74dbb108ebe4a249489e8d03f4d3b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Takeaway meals app Deliveroo said Thursday it expects orders growth to slow as lockdowns are eased and after demand more than doubled in the first quarter. "Deliveroo expects the rate of growth to decelerate as lockdowns ease, but the extent of the deceleration remains uncertain," the company said in a trading update following its poor stock market debut last month. The British group which operates worldwide said orders surged by 114 percent to 71 million in the first three months of the year compared with the first quarter of 2020 as the coronavirus pandemic fuelled demand for ordered-in food. "We are delighted with the Deliveroo first-quarter results," chief executive Will Shu said in the statement. "Demand has been strong in both the UK and Ireland and international markets driven by record new consumer growth and sustained engagement from our existing consumers. "This is our fourth consecutive quarter of accelerating growth, but we are mindful of the uncertain impact of the lifting of Covid-19 restrictions... (and) we are taking a prudent approach to our full year guidance." Deliveroo's share price slipped by 0.8 percent to 268 pence following the update, and is still way below its initial public offering level. Deliveroo's IPO on March 31 was London's biggest stock market launch for a decade, valuing the eight-year-old group founded by Shu at £7.6 billion. But its IPO of 390 pence failed spectacularly, with the company losing 26 percent of its value on its first trading day after the group faced criticism from some institutional investors over the treatment of self-employed riders. Deliveroo maintains that its riders -- around 100,000 across 800 cities worldwide -- value the flexibility the job affords. bcp/wai
schema:headline	Deliveroo sees slower takeaway growth as lockdowns ease
schema:mentions	Deliveroo Initial public offering Republic of Ireland Stock market Pound sterling London Pandemic United Kingdom Coronavirus Coronavirus disease 2019 Will Shu Brit Award for British Group Shu Han Take-out
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)

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