Deliveroo to return almost €300m to investors as it upgrades full year profit outlook

Deliveroo, the British online food ordering platform, has raised its profit outlook for 2023 and promised to return £250 million (€290 million) to its shareholders.

Announcing interim results on Thursday morning, Deliveroo posted 5 per cent revenue growth to just over £1 billion (€1.2 billion) for the first six months of the year as increased order prices more than offset a 6 per cent decline in order volumes.

The London-headquartered company, which floated on the ...