Losses widen at Deliveroo ahead of float

Deliveroo served up more losses as the food delivery app expands overseas ahead of a possible stock market listing.
Pretax profit widened to €184.7m in 2017 from €129.1m a year earlier. Worldwide sales rose 116% to €227m, the company said.
The company, which operates in 500 towns and cities globally and is gearing up to start deliveries in Taiwan, spent an additional €106m on expansion in 2017. It also hired 300 engineers and moved to its new City of London head office in Cannon Street."Our growth is matched only by our ambition," chief executive Will Shu said in a statement."We want to become the world's definitive food company and we have invested heavily in innovation, technology, people and restaurants."We are changing the way people eat and helping restaurants to expand to new areas and in new ways."
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