LONDON (Reuters) -Food delivery company Deliveroo said the value of orders on its platform more than doubled in the first half, with no material impact from the wider reopening of restaurants in its biggest market, Britain, in the second quarter. Chief Executive Will Shu said growth had remained strong for both restaurant and grocery orders even as pandemic-related curbs eased. Shu said he had not had any talks with Niklas Oestberg, his counterpart at Delivery Hero, since the move. "I think his view was: the stock's undervalued, I'm gonna start buying, and I know the space super well," Shu told Reuters. First half revenue increased 82% to 922.5 million pounds, Deliveroo said, while its core operating loss narrowed to 27.0 million pounds from 30.3 million pounds a year earlier.

Source: The Star August 11, 2021 06:30 UTC