Deliveroo Warns of Slower Consumer Spending After Posting 12 Percent Rise in Order Value

A Deliveroo delivery rider cycles in London, on March 31, 2021. Toby Melville/Reuters

Britain’s Deliveroo said on Tuesday that consumer spending could slow for the remainder of the year after the food delivery firm reported higher order values for the first quarter.

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