By Alec Mattinson2021-04-07T07:51:00+01:00
UK Deliveroo riders are expected to strike over pay and conditions as unconditional trading commences in the company’s shares. Strike organisers the Independent Workers’ Union of Great Britain said hundreds of riders are expected to attend socially-distanced protests planned in London. (Sky News)
Goldman Sachs bought about £75m in Deliveroo shares to prop up trading in the UK food delivery group after investors shunned its market debut – the purchases by Deliveroo’s underwriters equate to nearly a quarter of the value of shares traded in the London-based group during its first two days as a public company last week. (The Financial Times £)
Socially distanced protests were held in cities including London, York, Sheffield, Reading and Wolverhampton.
The Independent Workers’ Union of Great Britain (IWGB) said its members are calling for decent pay as well as improved employment rights and safety protections.
The union said supportive action was expected in Australia, France, the Netherlands, Ireland and Spain.
The action follows recent campaigns by those in the gig economy to be classed as workers and so receive better pay and conditions.
Unions won legal action recently against ride hailing firm Uber.
Alex Marshall, president of the IWGB and a former bicycle courier, said: “Deliveroo presents a false choice between flexibility and basic rights but the Uber ruling showed that, here as well as abroad, workers can have both.
UK Deliveroo riders strike over pay, gig work conditions
Sign In
KELVIN CHAN, AP Business Writer
April 7, 2021
FacebookTwitterEmail 12
1of12Gig economy riders for app-based meal delivery platform Deliveroo demonstrate outside the companies headquarters in London, Wednesday, April 7, 2021. The strike coincides with the first day of unconditional trading for Deliveroo shares, which went public last week in a stock market offering.Alastair Grant/APShow MoreShow Less
2of12Gig economy riders for app-based meal delivery platform Deliveroo demonstrate outside the company headquarters in London, Wednesday, April 7, 2021. The strike coincides with the first day of unconditional trading for Deliveroo shares, which went public last week in a stock market offering.Alastair Grant/APShow MoreShow Less
Buy the dip: Deliveroo gets bump from retail investors keen to get a slice of the pie
Deliveroo s disastrous stock market debut has not perturbed some retail investors.
Retail investors appear not to have lost their appetite for Deliveroo, with investors today pushing the price of Deliveroo stock close to where it first debuted on the London Stock Exchange.
By mid-afternoon on Wednesday the price of Deliveroo was up around two per cent, trading at around £2.86, down from £2.87 at its market debut.
The price is still considerably lower than the takeaway delivery app was hoping for when gearing up for its IPO, when it offered £3.90 per share.
TOP NEWS SUMMARY: European regulator to pronounce on AstraZeneca jab
Wed, 7th Apr 2021 11:04
(Alliance News) - The following is a summary of top news stories Wednesday.
COMPANIES
The trial of the Oxford University and AstraZeneca vaccine in children has been paused while regulators investigate reports of a rare form of blood clot among adults. Oxford said that no safety concerns have arisen from the trial itself, but it is waiting for more information from the Medicines & Healthcare products Regulatory Agency before giving any more vaccinations. Regulatory bodies from the UK, Europe and the World Health Organisation are assessing data on the jab and a potential association with a rare form of blood clot. The European Medicines Agency will hold a press conference on its findings over possible links between AstraZeneca s coronavirus vaccine and blood clots at 1500 BST on Wednesday. EMA is holding a virtual press briefing on the conclusion of the evaluation of a safety signal with