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DROOF / Deliveroo and Purplebricks downgraded as Citi amid unsupportive market conditions

Deliveroo PLC (LSE:ROO) has “limited upside potential”, said Citigroup as it downgraded the fast-food delivery service to a 'neutral/high risk' rating, while also cutting Purplebricks Group PLC (AIM:PURP) due to "current unsupportive market conditions". According to the investment bank, Deliveroo's first half trading update was in line with previous expectations, with first-half underlying earnings (EBITDA) ahead of expectations leading to forecasts being raised for full-year gross profit margins and EBITDA margin. Read More

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Unsupportive

Market conditions

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DROOF

Posted: Aug 11 2022, 11:12

Author Name: Proactive Investors

DROOF News

By Proactive Investors
October 19, 2023

Deliveroo reports modest growth driven by UK & Ireland

Deliveroo PLC (LSE:ROO) has reported modest growth in gross transaction value and revenue, driven by a strong performance in the UK & Ireland, althoug

By Proactive Investors
October 13, 2023

Deliveroo's solid start to the year back in focus as update looms

Deliveroo PLC (LSE:ROO) will provide investors with their first glimpse of how things are going on Thursday, October 19 since hiking full-year guidanc

By Proactive Investors
October 5, 2023

Deliveroo outperformance to continue, says BofA

Deliveroo PLC (LSE:ROO) shares pushed 2.6% higher to 125p on Thursday supported by positive comments from Bank of America. The broker reinstated cover

By Proactive Investors
September 28, 2023

Deliveroo proposes £250m tender

Takeaway delivery company Deliveroo PLC (LSE:ROO) has proposed a tender offer to buy £250 million of stock and return that money to shareholders. The

By Seeking Alpha
August 10, 2023

Deliveroo plc (DROOF) Q2 2023 Earnings Call Transcript

Deliveroo plc (OTCPK:DROOF) Q2 2023 Results Conference Call August 10, 2023 4:00 AM ET Company Participants Will Shu - Founder and CEO Scilla Grimble

By Proactive Investors
August 10, 2023

Deliveroo to boost shareholder returns after swinging into profit

Deliveroo PLC (LSE:ROO) has swung into an adjusted profit at the half-year stage, prompting a guidance hike and proposals of a share buyback. Adjusted

By Proactive Investors
August 3, 2023

Deliveroo moving into a new era of super-apps – analyst

Deliveroo PLC (LSE:ROO), the UK-based food delivery company, and Gojek, the Indonesian ride-hailing and payments platform, announced a partnership in

By Proactive Investors
May 24, 2023

Deliveroo workers protest against poor pay

Deliveroo PLC (LSE:ROO) takeaway drivers protested outside of the group's annual meeting on Wednesday, with the riders fighting for improved pay and b

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