Nasdaq near 5,000: Not a bubble – yet – CNBC Comment February 23, 2015 YES WE’RE in a bubble.” “Heck no, we’re not in a bubble.” That was the conversation at a recent tech meet in Shoreditch, where entrepreneurs and investors debated whether the Nasdaq trading within striking distance of 5,000 means bubbly tech stocks are about to burst. The tech-heavy index has not traded above the 5,000 mark [...]
GetTaxi app launches £5 London rides starting tomorrow November 18, 2014 Taxi app GetTaxi has announced a new initiative starting tomorrow where all rides starting in zones 3-6 booked through the app will cost just £5 if they are under 10km. The promotional "£5 London rides" will go on until the end of the year. The company, which works exclusively with London's black cab drivers, added [...]
Berlin follows Brussels with Uber ban | City A.M. April 17, 2014 Germany’s capital city has followed the lead of Brussels and banned the insurgent taxi service Uber. The San-Francisco based company was served with an injunction by a Berlin court for hurting competition. In a sign that European taxi drivers are increasingly worried they may have to provide a quality service at a decent price, the [...]
Friday the 13th is lucky for these commuters getting a rally car to and from work February 13, 2015 Friday the 13th may be considered the unluckiest day of the year by some, but weary commuters are in luck today. A fleet of rally cars are super-charging Friday’s commute around the capital by offering to ferry people to and from their destinations throughout the day – thanks to Betfair. No, it’s not the latest company [...]
Hailo app says goodbye to US October 14, 2014 LONDON-based taxi app Hailo will pull out of the North American market as competition between rivals such as Uber and Lyft intensifies in the region. The company, which partners with local taxi firms as opposed to competing with them like Uber, confirmed last night it would instead focus its expansion on new cities in Europe [...]
Mix it up: London must follow New York and become a true 24-hour city January 13, 2015 If you want to predict London's next cocktail trend, just look over the pond and see what’s going on in New York. Our bars may be their equal, but the bartenders of the Meatpacking district, Chelsea, the Villages and increasingly Brooklyn have a huge influence on how your next drink will be mixed. From the [...]
Creaking mindsets: Why businesses are about to learn some hard lessons February 18, 2015 Are we experiencing a revolution in the way that organisations operate? A recent essay in the Harvard Business Review has caused a stir by claiming that we are. The authors, Jeremy Heimans and Henry Timms, draw a distinction between institutions that are defined by “old power” and “new power.” The former rely on the exclusive [...]
Eurozone to finally take the plunge with €1.1 trillion bond buying programme January 21, 2015 European officials are widely expected to announce a substantial bond buying programme today in an attempt to revive the Eurozone’s ailing economy. Reports from Frankfurt suggest the purchases will amount to €50bn (£38bn) a month until the end of 2016. Some reports suggest it could start as soon as March which would put the scheme’s [...]
From Aldi to PwC: the year’s heroes revealed November 13, 2014 The 2014 City A.M. awards were as glamorous and entertaining as ever with guest speaker Sir Martin Sorrell kicking off an exciting ceremony with 14 awards given THE GRANGE St Paul’s Hotel was packed to the rafters last night with some of the City’s favourite faces as the City A.M. awards took its annual place [...]
ECJ deals bitter blow to Addison Lee as black cabs retain exclusive right to bus lanes January 14, 2015 London's black cabs have retained the exclusive right to share the capital's bus lanes as a result of a ruling by the European Court of Justice (ECJ). Eventech, the owner of a minicab fleet used by Addison Lee, brought the case to the ECJ after losing at the High Court. The company decided to fight [...]