Last Week in the City: Stiff competition in funerals? June 1, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (28 May to 1 June 2018). Shares in listed funeral director Dignity slumped after the UK Competition and Markets Authority (CMA) said it will examine the pre-paid funeral sector, a move that could see tougher regulation. [...]
Facebook’s Icarus needs to come down to earth before it’s too late April 9, 2018 Mark Zuckerberg is facing his Icarus moment. The tale of the boy who flew too close to the sun would make uncomfortable reading for the Facebook founder. “Move fast and break things” was the mantra that made Zuckerberg such a totem of sky-high success. But lax privacy controls and the leaking of the information of [...]
Uber’s going electric in London August 31, 2016 Uber is launching a fleet of fully electric cars across London in a bid to reduce levels of pollution in the capital ahead of another potential clash with the city's transport regulators. Already well-known for its hybrid Toyota Priuses, 50 electric powered cars will hit the city's roads over the next month with potential plans for hundreds more [...]
Uber has agreed a $20m deal with the US Federal Trade Commission to settle claims of driver deception January 20, 2017 Uber has agreed to pay $20m (£16m) to settle allegations it duped people into driving for its ride-hailing app with false promises regarding how much they'd earn. According to a lawsuit brought by the US Federal Trade Commission (FTC), the company made exaggerated claims about how much drivers could earn and how affordable its vehicle [...]
Manchester United and Uber strike multi-year deal to provide Old Trafford taxi stop for fans January 12, 2017 Manchester United have become Uber’s first ever global sports partner, after the Silicon Valley firm struck a multi-year deal providing it with designated travel routes to Old Trafford. The taxi-hailing app will “enhance fans’ match-day experience at Old Trafford” according to United, who will set up an Uber-dedicated pick-up and drop off zone outside their stadium [...]
Cyber security wages are set to soar amid a skills shortage December 18, 2017 Demand for cyber security roles is set to boom over the next year following several high-profile cyber attacks, prompting a rise in wages, new research from the recruitment sector’s trade body suggests. Every specialist IT recruitment agency surveyed by the Recruitment and Employment Confederation (REC) said they thought demand for cyber security staff would rise [...]
This study says Uber-style ride-sharing and carpooling could dramatically reduce city traffic January 3, 2017 London's roads – and the millions of people who travel on them – have reached an unprecedented gridlock. Congestion is estimated to be costing businesses in the capital £237m every year, while Londoners are wasting a week each year, on average, stuck in traffic jams – not to mention the impact on people's health of high [...]
The Tories are losing London – the fightback needs to start now March 16, 2018 What a difference a year makes. In March 2017, the headlines were stacked with news of Jeremy Corbyn’s unpopularity, especially in London, where he faced approval ratings of minus 44. Even London Labour supporters weren’t convinced about their Islington leader, and he had negative ratings from every demographic. Read more: The bloody difficult woman is [...]
In the modern world of marketing, lost tools are being reinvented for the digital age April 23, 2018 THE SCANDALS surrounding Cambridge Analytica and Facebook have brought the issue of data privacy into focus for politicians and the public alike. But there is another group that is becoming increasingly concerned: the advertising industry. Advertising has experienced seismic change as a result of digital media and the use of personal data, according to tech [...]
Labour’s John McDonnell says nationalisation will “cost nothing” after Carillion, while Corbyn adds it is necessary to prevent a “climate catastrophe” February 10, 2018 Shadow chancellor John McDonnell has said the Labour party’s plan to bring services such as water, energy and rail under public ownership would be “cost free”. The collapse of Carillion showed that privatisation had failed, he told the audience at a conference in London on “alternative models of ownership”. McDonnell said taking key infrastructure assets [...]