Thursday, May 19, 2022

BUSINESS LIVE: Deliveroo orders are on the rise; AJ Bell is based on growth

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BUSINESS LIVE: Deliveroo orders are on the rise; AJ Bell is based on customer growth; Stop betting earnings


Food supplier Deliveroo saw its gross transaction value of orders on its platform increase by 36 percent year-on-year in the fourth quarter of 2021, resulting in it becoming one of its destinations with a 70 percent year-over-year increase.

When pubs and restaurants closed, food deliveries peaked during the COVID-19 pandemic, and the popularity of the platforms hasn’t diminished since hospitality reopened.

The total number of AJ Bell investment platform customers rose to 398,066, up 27 per cent from the previous year and 4 per cent in the fourth quarter, with total net income for the quarter reaching £ 1.3 billion.

Total assets under administration rose to £ 75.6bn, up 21 per cent year-on-year and 4 per cent quarter-on-quarter as AJ Bell performed well compared to last year’s difficult comparative results, while Covid restrictions have contributed to the overall growth of customers. input and net revenues reached record levels

The British gambling firm Entain’s quarterly online betting earnings fell after years of steady growth, while betting activity in its physical stores rebounded after coronavirus restrictions were eased.

In the fourth quarter, which ended Dec. 31, Entain’s revenue from online gaming fell 9 percent from a year earlier, as it reported particularly strong numbers a year ago.

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Deliveroo order numbers rose 10 per cent from the previous quarter and the average value stabilized, rising 1 per cent in constant currency to £ 21.40 in the third quarter.

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