Deliveroo shares fall 2.5% as food delivery firm warns consumers may spend less this year    

Outlook for food delivery firm looks sluggish as inflationary factors hit consumers' disposable income.

A cost-of-living squeeze for consumers is believed will hit food delivery firms like Deliveroo.

Shares in Deliveroo fell 2.5% in London trade as the food delivery firm said consumer spending could slow for the remainder of the year from a high-performing first quarter.

The warning comes amid a cost-of-living squeeze due to higher energy bills and soaring inflation, exacerbated by the Russia-Ukraine crisis.