The combined company will have a presence in 40 countries

San Francisco-based DoorDash will pay 180p a share in cash for London-listed Deliveroo.

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More than 80% of investor votes cast at its annual general meeting on Thursday were made against the proposal from Palliser Capital.

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The banking group reported a better-than-expected 19% rise in pre-tax profits to £2.72 billion, despite setting aside more cash for bad debts.

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More than 80% of investor votes cast at its annual general meeting on Thursday were made against the proposal from Palliser Capital.

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The group reported a 7% drop in pre-tax profits to £1.52 billion for the three months to the end of March.

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