Deliveroo

Deliveroo's Italian subsidiary has been placed under judicial supervision and investigations have been opened against the country's head. According to court documents, self-employed delivery riders allegedly received wages up to 90 percent below the poverty line, averaging three to four euros per delivery. Deliveroo is reviewing the documents and has announced it will cooperate with the authorities. » More on manager-magazin.de

DoorDash has taken over Deliveroo and appointed Wolt founder and former DoorDash head of international operations, Miki Kuusi, as Deliveroo’s CEO based in London. Kuusi is moving from Helsinki to London and will lead the integration. He emphasizes that while the industry benefits from scale, the business will remain hyperlocal with two to three providers per city. » More on wiwo.de

The UK financial regulator, the FCA, has at Deliveroo’s request temporarily suspended trading in the company’s ordinary shares on the London Stock Exchange since Thursday morning. The notice gives no reasons and contains no timetable for when trading might resume. Deliveroo has so far not made any further comment on the requested trading halt. » More on de.investing.com