London cab firm Addison Lee embarks on global expansion with New York launch March 3, 2015 London cab firm Addison Lee is expanding its services to the hotly contested taxi battleground of New York. The expansion, its first outside London, will give the firm access to the second biggest cab market in the world after London's, which is worth an estimated £2.2bn. The private equity-owned firm said the expansion was spurred [...]
How much is Snapchat worth? Four charts showing just how big Snapchat’s $19bn valuation is February 18, 2015 Everyone’s favourite disappearing messaging app, Snapchat, has raised a new round of funding which values the firm as high as $19bn (£12.3bn). It’s a vote of confidence for the four-year-old app, which has just introduced a host of content- driven advertising features in a bid to start generating some revenue. The app is looking to [...]
Uber valued at $17bn in new funding round with Fidelity June 6, 2014 Mobile car booking service Uber has been valued at $17bn (£10.13bn) after raising $1.2bn of primary capital in a new fundraising round. The San Francisco-based firm – set up just four years ago by entrepreneurs Garrett Camp and Travis Kalanick – raised the cash via a group of institutional investors, mutual funds, private equity and [...]
Row over Uber app heading to the High Court May 29, 2014 TRANSPORT for London has asked the High Court to endorse its view that the Uber car booking service complies with laws on taximeters. The Licenced Taxi Drivers Association, which has criticised the app for unfairly competing with London’s black cabs, said the decision does not affect its plans to hold protests over Uber’s tactics on [...]
Uber saved from London court battle and is operating within the law says TfL July 3, 2014 Transport for London (TfL) has announced that the High Court cannot proceed with a case regarding taxi app service Uber because the magistrates courts are deluged with cases concerning individual Uber drivers. Furthermore, as far as TfL is concerned, Uber is acting within the law by using an app to calculate fares based on the [...]
Uber app wins the heart of EU commissioner after taxi protests June 12, 2014 Smartphone app Uber has found a new champion in the form of EU digital affairs commissioner Neelie Kroes. After protests against the San Francisco startup swept Europe yesterday, Kroes wrote "we cannot address these challenges by ignoring them, by going on strike, or by trying to ban these innovations out of existence." “The disruptive force [...]
Uber app vs black taxis: Cab war heats up June 11, 2014 Taxi drivers bring central London streets to a standstill over Uber – yet smartphone app says it won the day Thousands of black cabs caused gridlock in London’s west end yesterday as taxi drivers protested over the smartphone app Uber and warned that they could bring more chaos to the streets of the capital with [...]
The super-duper Uber app April 30, 2014 Alex Dymoke on the minicab app that helped Londoners through the strikes THIS is my second day on Uber. I went for my test day and they said I was ready to start right away,” Omar my minicab driver tells me excitedly. He is polite and chatty, reminiscing about the days before sat-nav and waxing [...]
London’s new low emission black cabs will be made in Coventry with £250m Chinese investment from owner Geely March 26, 2015 The new generation of London's iconic black cabs will be made in a new factory in the Midlands being built by a Chinese company, creating 1,000 new jobs. Geely, the Chinese firm which took over the 100-year-old British cab manufacturer Manganese Bronze in 2013, will invest £250m in building a new factory and research and [...]
Nigel Farage’s unresignation, Mayoral candidates and the Avon lady’s funny turn: Here’s what got us talking this week May 15, 2015 It was the week we dealt with the fallout of the election – including the coining of the phrase “doing a Farage” (aka “taking an extra day off to prolong the weekend”). What got us talking this week 1. Barage of Farage Some called it Ukip’s Easter (“on the third day, he rose again”), [...]