Deliveroo Class (ROO)

Sector:

IT Services

142.00p
   
  • Change Today:
    -1.10p
  • 52 Week High: 160.70p
  • 52 Week Low: 109.80p
  • Currency: UK Pounds
  • Shares Issued: 1,586.93m
  • Volume: 1,209,363
  • Market Cap: £2,253.44m
  • Beta: 0.85

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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ROO Market Data

Currency UK Pounds
Share Price 142.00p
Change Today -1.10p
% Change -0.77 %
52 Week High 160.70p
52 Week Low 109.80p
Volume 1,209,363
Shares Issued 1,586.93m
Market Cap £2,253.44m
Beta 0.85

ROO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.86% below the market average49.86% below the market average49.86% below the market average49.86% below the market average49.86% below the market average
35% below the sector average35% below the sector average35% below the sector average35% below the sector average35% below the sector average
Price Trend
50.36% above the market average50.36% above the market average50.36% above the market average50.36% above the market average50.36% above the market average
35.63% above the sector average35.63% above the sector average35.63% above the sector average35.63% above the sector average35.63% above the sector average
Income Not Available
Growth
3.8% below the market average3.8% below the market average3.8% below the market average3.8% below the market average3.8% 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 21-Nov-2024

Time Volume / Share Price
15:17 3 @ 141.80p
16:29 657 @ 141.30p
16:29 4,972 @ 141.60p
16:29 91 @ 141.60p
16:29 1,398 @ 141.60p

ROO Key Personnel

Chair Claudia Arney
CEO Will Shu
CFO Scilla Grimble

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