Uber Eats: Grocery orders up in locked-down Europe

Orders for Uber Eats groceries jumped 59 percent in Europe in March. (Reuters)
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Updated 17 April 2020
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Uber Eats: Grocery orders up in locked-down Europe

LONDON: Uber Eats said that orders for grocery delivery on its platform jumped 59 percent across Europe in March compared with February as countries locked down to fight the coronavirus, helping to offset some of the impact of shuttered restaurants on demand.

Uber Eats, which competes with the likes of Deliveroo, Takeway.com and Just Eat in online meal delivery, already offered alcohol and selected products from convenience stores.

European general manager Stephane Ficaja said Uber Eats’ store sign-up rate had doubled in March as convenience outlets looked for new channels to serve customers staying at home to slow the spread of the virus. “Everything that we are doing on grocery and convenience is driven by the fact that we are seeing strong consumer appetites from new consumption trends, people who are confined and cannot go out,” he said.

The data underlines the scale of the industry push into the grocery market, where it sees a gap for must-have products delivered much quicker than online orders from major supermarkets and the likes of Ocado. The decline in households ordering online meals for delivery across the sector in March has provided an additional impetus to seek new revenue streams. It also shows how shops are finding news ways to serve customers as the lockdown across the region continues.

More than 1,000 grocery and convenience stores were on Uber Eats’ app in Europe and more than 3,500 globally, he said, helping meet strong demand for essential foods and staples in Britain, France, Spain, Italy, Portugal and Sweden.

Uber Eats, part of ride-hailing service Uber Technologies, joined French supermarket Carrefour this month to help Parisians get food, toiletries and cleaning products within 30 minutes, while in Spain it is working with service station operator Galp in 15 cities including Madrid, Valencia and Seville.

Carrefour said that the Uber Eats app was enabling it to deliver everyday products to communities safely and conveniently. “As we face this crisis, we have a duty to come up with new solutions,” said executive director of e-commerce, data and digital transformation Amelie Oudea-Castera.

In Britain, Uber Eats is working with nine of the largest convenience store networks, with more than 700 shops on the platform. Ficaja said it was talking with other retailers, including large supermarket groups, which are struggling to meet soaring demand for online orders, about joining the platform. “Classic online channels are mostly completely saturated,” he said. “Our offer is a bit different, it’s smaller basket, smaller ticket, faster delivery.”

UK convenience store network Costcutter, which started working with Uber Eats in October, has seen a surge in orders on the platform, retail director Mike Hollis said.

“Our sales are up about 350 percent (compared with pre-coronavirus levels) on Uber Eats,” he said. “When we started, stores were seeing £200 or £300 a week in sales, we had a store last week that had took £4,500 in Uber Eats sales.”


Closing Bell: Saudi main index slips to close at 11,228 

Updated 15 February 2026
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Closing Bell: Saudi main index slips to close at 11,228 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64. 

The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.    

On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.    

The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.     

The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.  

Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.   

Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56. 

Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55. 

Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34. 

On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier. 

The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.  

Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent. 

United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent. 

Tas’heel ended the session at SR146.80, down 0.28 percent.