Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    86,396.48
    +5,211.90 (+6.42%)
     
  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

UK's Deliveroo returns to order growth in first quarter

A delivery worker rides a bike in Nice

LONDON (Reuters) -British meal delivery company Deliveroo reported a return to order growth in its first quarter, with a 2% increase year-on-year driven by its operations in France, UAE and Hong Kong and continued strength in Italy.

Orders in Britain and Ireland, which account for more than half its total, were flat, it said on Thursday.

The gross transaction value of its orders increased 6% to 1.83 billion pounds ($2.28 billion), it said, while revenue grew 2% to 514 million pounds, an acceleration on 1% growth in the previous quarter. Guidance for the full 2024 year was maintained.

Chief Executive Will Shu said: "I am pleased with the start we have made to this year, building on the strong progress in 2023."

Shares in Deliveroo, which competes with Just Eat Takeaway and Uber Eats, rose 3% in early deals.

($1 = 0.8021 pounds)

(Reporting by Paul Sandle; editing by James Davey)