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Deliveroo ends food deliveries in Australia

Deliveroo ends food deliveries in Australia

Deliveroo announced Wednesday an end to operations in Australia after seven years in the country, citing strong competition.

It comes three months after an exit from the Netherlands and following its departure from Spain last year. Deliveroo has 14,000 self-employed riders in Australia.


Deliveroo enjoyed strong sales growth during pandemic lockdowns, helping to offset big investment costs that have added to questions over its sustainability.

Households are also battling with soaring inflation that has cut consumer spending.

"Deliveroo is today announcing that it has decided to end its operations in Australia," a statement said. "This decision is driven by the company's disciplined approach to capital allocation."

It said the Australian market "is highly competitive with four global players, and Deliveroo does not hold a broad base of strong local positions".

Victoria Scholar, head of investment at Interactive Investor, said "there are concerns that Deliveroo is not well positioned to weather the economic downturn with takeaways a discretionary spend that consumers can easily slash as belts tighten".

Deliveroo has meanwhile failed to recover from a terrible stock market debut last year in London.

Its initial public offering was the capital's biggest stock market launch for a decade, valuing the group at £7.6 billion.

But its share price tumbled on launch day by almost a third from the IPO price of 390 pence as investors questioned Deliveroo's treatment of its self-employed riders.

Following Wednesday's announcement, its shares were trading down 3.5 percent at 96 pence.

Deliveroo's exit from Spain last year came after the country legally recognised delivery riders as staff, meaning they must be provided with social benefits such as paid holidays and sick leave.

The group was founded in 2013 by current chief executive Will Shu.

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Leerdammer launches ‘Talk It Out’ initiative in support of YoungMinds charity

Leerdammer launches ‘Talk It Out’ initiative in support of YoungMinds charity

Natural cheese slice brand Leerdammer has launched a new initiative, "Talk It Out", in support of YoungMinds. The new mental health programme will use comedy to help parents and young people to get talking and have better conversations about mental wellbeing.

Research shows that three-quarters (76 per cent) of parents said their children’s mental health had deteriorated while waiting for support from Child and Adolescent Mental Health Services (CAMHS).

To launch Talk It Out, award-winning Bristol born comedian Stuart Goldsmith performed a one-off special stand-up gig at the Bristol Grammar School on 13 January. Encouraging students and parents to tackle talking about mental wellbeing through humour, attendees were also signposted to the expert support, advice and guidance that YoungMinds offers.

Lactalis UK & Ireland hope to roll the initiative out across the UK later in the year, to reach and support even more families in need.

“We have developed an initiative that we hope will really have a positive impact on young people’s mental health but also, importantly, raise awareness of YoungMinds so they can guide parents and their children towards accessing better mental health care," said Heloise Le Norcy-Trott, Group Marketing Director at Lactalis UK & Ireland.

"Leerdammer is an uplifting and comedic brand, so we were motivated to tap into our unique personality with a partnership that would really make a difference among local communities. It’s clear that talking about mental health can be hard, but humour is a great way of initiating a conversation about difficult subjects which are often avoided by families. We hope by using Leedammer to support YoungMinds – and by bringing comedians in to speak to the students – they and their parents will see how essential it is to start these conversations and realise there is support out there available to them.

“We are piloting the idea this month, then aiming to roll this out across the UK later in the year so we can reach and support even more families in need. We are always looking at ways to strengthen our positive impact across the UK and are grateful to Stuart Goldsmith for taking time to help spread the word.”

Vernon Samuels, Parent Engagement Officer at YoungMinds said: “We are delighted that Leerdammer is bringing attention to YoungMinds services in this way and helping to open up the conversation about children and young people’s mental health through “Talk it Out”. Our Parent Engagement Officer in Bristol will be providing community outreach and parent / carer engagement sessions to create a safe space for parents to get peer support, and this initiative will help us reach more people who need YoungMinds’ support.”

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