Deliveroo Class (ROO)

Sector:

IT Services

130.00p
   
  • Change Today:
    -1.90p
  • 52 Week High: 147.00
  • 52 Week Low: 100.10
  • Currency: UK Pounds
  • Shares Issued: 1,626.66m
  • Volume: 1,672,954
  • Market Cap: £2,114.66m

UK Supreme Court rejects classification of Deliveroo riders as 'workers'

By Iain Gilbert

Date: Tuesday 21 Nov 2023

LONDON (ShareCast) - (Sharecast News) - The United Kingdom's Supreme Court has unanimously rejected an appeal to class riders for online food delivery giant Deliveroo as "workers", drawing to a close a seven-year legal battle between the firm and the Independent Workers' Union of Great Britain.
Britain's Supreme Court ruled that riders were not in an "employment relationship", meaning that trade union activity does "not apply to them" and riders can not form a collective bargaining agreement due to them being considered "self-employed".

The Supreme Court's Lady Rose said riders currently have the "unfettered right" to get someone to substitute in for their deliveries, something Deliveroo does not police, and that, under usual employment terms, one would not be allowed to "send someone along to do the job for you".

She also added that Deliveroo does not object to riders working for its competitors at the same time.

The original application was filed in 2016 by IWGB to the Central Arbitration Committee, relying on Article 11 of the European Convention on Human Rights to mount the legal challenge. However, it declined to accept on the basis that riders were not "workers". This decision was then upheld by both the High Court, the Court of Appeal, and the Supreme Court.

As of 1045 GMT, Deliveroo shares were down 0.64% at 139.60p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ROO Market Data

Currency UK Pounds
Share Price 130.00p
Change Today -1.90p
% Change -1.44 %
52 Week High 147.00
52 Week Low 100.10
Volume 1,672,954
Shares Issued 1,626.66m
Market Cap £2,114.66m

ROO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.75% below the market average45.75% below the market average45.75% below the market average45.75% below the market average45.75% below the market average
26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average
Price Trend
38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income Not Available
Growth
9.03% below the market average9.03% below the market average9.03% below the market average9.03% below the market average9.03% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

ROO Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
16:35 559,270 @ 130.00p
16:35 3,457 @ 130.00p
16:35 5,787 @ 130.00p
16:35 1,782 @ 130.00p
16:35 578 @ 130.00p

ROO Key Personnel

Chair Claudia Arney
CEO Will Shu
CFO Scilla Grimble

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