ROO posts first profit, stock jumps

ROO posts first profit, stock jumps

A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022. Eric Gaillard | Reuters British food delivery firm Deliveroo reported a small profit in the first half of the year, inching into the black for the first time ever after logging growth in consumer demand. The company, which … Read more

Deliveroo (ROO) stock falls on Delivery Hero stake sale

Deliveroo (ROO) stock falls on Delivery Hero stake sale

A Deliveroo rider near Victoria station in London, England, on March 31, 2021. Dan Kitwood | Getty Images Shares of German food delivery company Delivery Hero fell to a record low Tuesday after announcing it was selling its minority stake in rival firm Deliveroo. Delivery Hero said late Monday that it would sell 68 million … Read more