Deliveroo Jumps After Court Rules its Drivers are Self-Employed
- U.K. Court of Appeal strikes down challenge from IWGB union
- Deliveroo shares jump after ‘milestone’ for rider status
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Deliveroo Plc got a much needed boost after a U.K. appeals court ruled its riders are self-employed, bolstering the viability of its labor model after rival Uber Technologies Inc. lost a similar case earlier this year.
Deliveroo’s shares in London jumped 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. The company said Thursday’s unanimous court decision dismissing an appeal from the IWGB labor union affirmed its aim to offer couriers full flexibility.