Deliveroo shares surge on gig economy workers' rights case ruling

Deliveroo’s shares in London jumped by more than 9% after a UK appeals court ruled its riders are self-employed

UK courts have ruled in favour of Deliveroo over how its labour model affects so-called gig-economy workers. The ruling gave the company's shares a much-needed boost.

Deliveroo got a much-needed boost after a UK appeals court ruled its riders are self-employed, bolstering the viability of its labour model after rival Uber Technologies lost a similar case earlier this year.

Deliveroo’s shares in London jumped by more than 9% after the ruling. The company’s reliance on gig workers drew criticism from investors and riders in the run-up to its disappointing March initial public offering.