Deliveroo cuts forecast following sale slowdown

Deliveroo said second quarter GTV growth slowed to 2% from 12% in the first quarter.

Deliveroo on Monday slashed its full-year revenue guidance, blaming a worsening economic outlook.

British food delivery company Deliveroo on Monday slashed its full-year revenue guidance, blaming a worsening economic outlook as pressures on consumers mount.

The group said its full-year gross transaction value (GTV) growth was now expected to be in the range of 4% to 12% in constant currency versus previous guidance of 15% to 25%.