Reporting Accounts - News from the markets Tuesday 19th January 2021
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Reporting Accounts - News from the markets Tuesday 19th January 2021
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About this listen
In today's podcast our resident financial professional Adrian Lawrence talks about the forthcoming floatation in the London stock market of Deliveroo, the company it is rumoured are preparing a £5billion April floatation. Deliveroo is operated by Roofoods Ltd and is based in London.
They recently appointed Lord Simon Wolfson as chief executive and joins Claudia Arney their chairman who joined from Ocado towards the end of last year.
The company has seen huge expansion and covers 8000 towns and cities worldwide using a delivery network of 110,000 feelance delivery drivers.
The timing of their float is interesting as it will come after more than a year of disruptions to the UK economy due to Covid, whilst very damaging to the overall economy, home delivery is an area that has seen strong growth. Their floatation is likely to be a success on the back of this but the UK and world economies are likely to begin a return to normal which means they are making the most of this opportunity.
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