Baidu share price down more than 16 per cent after disappointing earnings July 28, 2015 Shares in Baidu, often dubbed "China's answer to Google", plummeted 16.8 per cent to $164.99 this afternoon, after less-than-encouraging results were released. Read more: Baidu confirms it's buying a stake in Uber During the second quarter, the Nasdaq-listed company's revenues went up 38 per cent from a year earlier to $2.7bn (£1.7bn), resulting in a fourth [...]
TfL Tube strike 2015: Unions resume battle after strike misery paralyses London traffic July 9, 2015 Londoners were forced to resurrect the Blitz spirit yesterday as the Tube strike all but paralysed travel in the capital. As commuters faced long walks to and from work, queues for Santander bikes, gridlocked streets, taxi rates almost tripled by Uber and fights for a place on crowded buses, unions praised drivers for the [...]
Now there’s an “Uber for laundry” for Londoners as Rocket Internet launches ZipJet November 4, 2014 Calling all those who hate doing laundry (that’s most of us) or those too lazy to get their washing done (students). There's now a solution to your problem which means you can spend more time with your feet up, rather than matching up odd socks. A new app has launched in London that offers pick-up [...]
Why zero hours contracts are good news for both workers and businesses September 2, 2015 One in 40 British workers is now employed on a zero hours contract. Depending on your point of view, this is either a blight on the state of modern Britain, a sign of capitalism in dysfunction, or it is the jewel in Britain’s flexible labour market crown and proof that one in 40 people who [...]
Uber dives into fast food delivery business with UberFRESH trial August 27, 2014 Not satisfied with providing taxi rides or delivering groceries Uber is trying its hand at the fast food delivery business, with a new service called UberFRESH. The taxi app claims it will be able to deliver food from local restaurants in 10 minutes or less. Unfortunately for Uber-loving Brits this service will only be available [...]
Why your chief executive should wear a hoodie: Those with the technical know-how are increasingly in demand for the top jobs September 2, 2015 In the early days of a startup, once your company achieved scale, the technical founder would step back to be replaced with a “professional chief executive”. This used to be commonplace; everyone from Cisco to eBay went through the management team merry-go-round. But the tide is turning and there is a growing acceptance [...]
Jeremy Corbyn: Leadership lessons from Corbyn’s first five days September 17, 2015 The first few days are rarely simple for a new leader. If you’re appointed chief executive to turn around an ailing company, your ideas may be met with a hostile reception. A Labour MP for more than 30 years, the party’s new leader Jeremy Corbyn is hardly an external appointment. But he is [...]
Uber driver hit with first fine September 11, 2014 Ride hire app Uber suffered a fresh blow in Germany yesterday, after a Frankfurt taxi operator won a temporary injunction against an Uber partner driver. Earlier this month, the Frankfurt regional court imposed an injunction on the firm’s ride-sharing offering UberPop – that allows passengers to share a hire car to the same destination – [...]
Just Eat fends off rivals with surge in profits August 4, 2015 JUST Eat is gobbling up market share, with profits soaring by almost two thirds in the first half as more hungry customers flocked to its website. The online takeaway giant has been taking the UK and other countries by storm since it was founded 14 years ago, taking advantage of a market that was slow [...]
Disruption is the main concern that keeps chief executives awake at night – although global confidence is returning July 20, 2015 What with Uber, Airbnb and their ilk wreaking havoc in their respective industries, you can't help but sympathise: a new study has shown the main worry keeping chief executives awake at night is the prospect of disruption in their industry. According to the Global CEO Outlook Study, by accounting giant KPMG, 74 per cent of chief [...]