|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||54.92 - 56.59|
|52-week range||54.92 - 80.45|
|Beta (5Y monthly)||0.50|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Waitrose has ditched its two-hour home delivery service in favour of its Deliveroo tie-up. The supermarket chain told customers on Monday that the Rapid service will end on May 28. Launched three years ago, Rapid let customers order up to 25 items in less than 120 minutes for a £5 fee. It was initially available in eight areas in London and extended to other parts of the country such as Bath and Hove. A spokesman said that too many locations, particularly in the capital, now overlapped, and Waitrose would focus solely on its partnership with Deliveroo. Areas that previously had the Rapid service are being prioritised in the rollout.
In a statement, St. Modwen said its board would likely recommend the non-binding conditional offer unanimously, should a firm intention be announced by 4 June.
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