BUSINESS LIVE: Deliveroo orders double; Admiral profits surge 76%
BUSINESS LIVE: Deliveroo orders double; Admiral profits surge 76%; Provident Financial makes bigger loss
Takeaway giant Deliveroo saw its orders and gross transaction value both double to 148.8 million and £3.4billion, respectively, in the first six months of the year thanks to a series of on-and-off lockdowns in the UK.
Motor insurer Admiral reported a 76 per cent surge in first-half earnings and announced a special dividend after it paid out fewer claims during months of government lockdowns amid the coronavirus pandemic.
Provident Financial has recorded a loss of £44.2million in the first six months of the year, which was a bigger loss than last year due to heavy costs relating to a planned wind-down of its doorstep lending business.
Boom: Deliveroo saw its orders double to 148.8 million in the first six months of the year