|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||1.0800 - 1.0800|
|52-week range||1.0100 - 6.2000|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
DUBAI (Reuters) -Delivery service Deliveroo on Monday put on hold plans to cut pay and extend working hours for its drivers in the United Arab Emirates after a rare strike over the weekend. The Amazon-backed company said in an email to restaurants, seen by Reuters, that it had paused proposed changes in its rider pay structure and that it would engage with its riders over the weeks and months head. A day earlier, Deliveroo told restaurants that "riders are striking and refusing to attend their shift or deliver orders" and that it would "protect Deliveroo rider earnings to remain the most competitive in the market".
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Deliveroo will appeal a French court ruling that said it had abused the freelance status of its riders, which resulted in a 375,000 euro fine and suspended sentences and additional fines for two of its former bosses, a spokesperson said. "Deliveroo will appeal this decision," a spokesperson for the British food delivery company told Reuters. "The judgement goes against previous decisions in civil courts covering the same historic period, which have repeatedly found riders to be self-employed."