Deliveroo’s pre-tax losses widen as consumers cut back on takeaways

Pre-tax losses at Deliveroo widened to £147mn in the first half of the year, as the food delivery company warned consumers were being hit by cost of living pressures and ordering fewer drinks and side dishes. The London-based food delivery app on Wednesday said it completed 160mn orders in the first six months of 2022, … Read more

Reliance Retail Q1 pre-tax profit up two-fold to Rs 3,897 crore

Reliance Retail on Friday reported over two-fold jump in pre-tax profit at Rs 3,897 crore for June 2022 quarter, led by higher contribution from fashion & lifestyle and consumer electronics business. The retail arm of Reliance Industries Ltd (RIL) said it had posted a pre-tax profit or EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) … Read more