Just Eat bumps up earnings guidance though order growth slows November 2, 2016 Warm weather hasn't been a dampener for Just Eat: the online takeaway group bumped up its full-year revenue and earnings guidance on the back of a decent third quarter. The figures Total orders for the third quarter were 33.3m, showing growth of 34 per cent year-on-year (on both a reported and like-for-like basis). UK orders [...]
Former Barclays boss Antony Jenkins launches fintech business October 31, 2016 Former Barclays boss Antony Jenkins has launched his new fintech business, 10x Future Technologies, which he thinks will "transform how banks operate". The platform will provide banks “with a new core digital banking platform” that Jenkins said would allow them to unify their range of complex data systems. Jenkins said 10x Future Technologies will give [...]
Uber and the Licensed Taxi Drivers Association to square off before MPs November 23, 2015 Top bosses from Uber and the Licensed Taxi Drivers Association are set to be questioned by MPs tomorrow morning. Both Uber's head of public policy in the UK Andrew Byrne and Licensed Taxi Drivers Association chairman Richard Massett will give evidence to the influential business, innovation and skills (BIS) committee as part of its inquiry into the digital economy. [...]
Addison Lee is buying rival Tristar as part of its US expansion strategy June 28, 2016 Addison Lee, the UK private car hire company owned by private equity giant Carlyle, is buying rival Tristar. The financial details of the deal were not disclosed, but City sources put the valuation at around £30m. Tristar, which operates the largest luxury car fleet in the UK, has revenues of £50m per year. Read more: Addison Lee is taking the [...]
Just Eat bins Benelux business for millions August 2, 2016 Just Eat has conceded defeat to a rival takeaway business in two European markets – but netting itself millions in the process. The food delivery company, which last week upgraded its earnings guidance for the second time this year, has sold off its business in Belgium and the Netherlands to rival Takeaway.com for €22.5m (£19m). Read more: Just Eat [...]
Black Cab protest is already snarling up roads in central London including Whitehall as drivers demonstrate over TfL and private hire vehicles including Uber February 10, 2016 If you're planning on travelling through central London this afternoon, you might want to avoid roads – Black Cab drivers went out on protest earlier today and it's taking a while to clear. The protest was due to start at 2:30pm, but pictures and videos on social media showed that many cabbies had convened on [...]
Supporting Britain’s scaleups must be a national priority post-Brexit November 8, 2016 If you're looking for examples of tomorrow’s titans, the high-growth superstars that will change our world, you can find an abundance in Britain today. In fact, 18 of Europe’s 47 unicorns – startup companies valued at over $1bn – are from Britain, the highest concentration on the continent. It’s a track record that has made the [...]
Driverless cars’ arrival looks set to shake up the automotive, oil and tech sectors December 16, 2016 The energy markets are starting to recover from their multi-year swoon, but there may be a bigger change ahead. It’s starting to look like the rise of self-driving vehicles is not only inevitable, but that it will be here sooner than many would have thought possible. That will likely upend the oil markets in ways [...]
Uber and other private hire firms want to act as taxis, but without the costs: This is why Black Cab drivers are protesting TfL’s private hire review today February 10, 2016 A taxi demonstration is being held in Whitehall today in protest at this government’s intervention in proposed changes and updates to the private hire act 1998. Many proposals were both sensible and in the public interest. One of the changes was that any “app” may not display the whereabouts of an available vehicle in law this [...]
Automotive and tech firms are poaching each other’s talent to pull ahead in the driverless car race October 3, 2016 Automotive and IT firms are poaching each other’s talent in a bid to nudge ahead in the driverless car race, according to research by CPA Global. Its analysis found that more than 20 patent inventors have made the switch from automotive to IT companies or vice versa since 2008, with Google’s self-driving car programme serving [...]