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Deliveroo UK IPO: Disastrous stock debut for food delivery service

Deliveroo UK IPO: Disastrous stock debut for food delivery service
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Judges reject family s new Lockerbie bomber appeal | Scotland

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Judges reject Lockerbie bomber family s bid to appeal to UK s highest court

By Press Association 2021 Lockerbie bombing Judges have refused the Lockerbie bomber’s family permission to take an appeal against his conviction to the UK’s highest court. The bombing of Pan Am flight 103, travelling from London to New York on December 21 1988, killed 270 people in Britain’s largest terrorist atrocity. Former Libyan intelligence officer Abdelbaset al-Megrahi was found guilty in 2001 of mass murder and jailed for life with a minimum term of 27 years – the only person convicted of the attack. In January, judges at the Court of Appeal in Edinburgh rejected a third appeal against his conviction, which was made by his son.

Lockerbie bombing: Judges reject Lockerbie Megrahi family s bid to appeal to UK s highest court

Judges have refused the Lockerbie bomber’s family permission to take an appeal against his conviction to the UK’s highest court. The bombing of Pan Am flight 103, travelling from London to New York on December 21 1988, killed 270 people in Britain’s largest terrorist atrocity. Former Libyan intelligence officer Abdelbaset al-Megrahi was found guilty in 2001 of mass murder and jailed for life with a minimum term of 27 years – the only person convicted of the attack. In January, judges at the Court of Appeal in Edinburgh rejected a third appeal against his conviction, which was made by his son. Megrahi was the only person convicted of the atrocity (Danny Lawson/PA)

London needed a win Instead it got its worst IPO in history

London needed a win. Instead it got its worst IPO in history At first glance, Deliveroo’s stock market debut should have been a runaway success. The food delivery startup was a darling of the UK tech scene, and growing fast thanks to surging demand during the pandemic. Amazon recently bought 16% of the company in a major vote of confidence. But London’s biggest IPO since 2011 was an unmitigated disaster. The stock plunged when trading started on Wednesday, and the shares eventually closed 26% below their listing price, wiping almost £2 billion ($2.8 billion) off Deliveroo’s initial market capitalization. The stock lost another 1.9% on Thursday.

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