Deliveroo shares rise as it strikes UK deal with McDonald's

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Deliveroo PLC and McDonald's Corp on Tuesday unveiled a new long-term global partnership, which will see the fast food chain become available on Deliveroo in the UK during the second quarter of this year.

‘Expansion of the partnership to the UK will help McDonald's continue to meet consumer demand for delivery while boosting choice and selection for Deliveroo customers,’ said Deliveroo.

McDonald's is currently available in the UK on rival takeaway platforms Uber Technologies Inc's Uber Eats and Just Eat Takeaway.com NV.

The partnership is expected to initially cover a number of McDonald's UK restaurants when it begins in the summer, with expansion across the country planned for later in the year.

‘We look forward to welcoming Deliveroo and their riders into our suite of McDelivery partners enabling us to deliver directly to more of our customers across the UK, so they can continue to enjoy their favourite McDonald's menu items,’ said Alistair Macrow, McDonald's UK & Ireland chief executive.

Shares in Deliveroo were up 5.7% on Tuesday afternoon at 99.00 pence.

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