Monzo’s valuation rises as fintech giant bags £150m funding for US growth May 8, 2024 Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
Taxi tie-up sees Bolt link with London’s black cabbies April 25, 2023 A major taxi industry tie-up will see ride-hailing service Bolt make London’s black cabs available on their apps from today. Londoners using Bolt will now be able to order London’s iconic taxis to get around the capital as the firm introduces a ‘black cab’ category on the app. London’s cabbies have teamed up with mobility [...]
Uber faces final Supreme Court appeal to argue drivers are not employees July 20, 2020 Uber will tomorrow begin one final attempt to overturn a ruling that means it must treat its drivers as “workers” in what could be a landmark case for UK employment rights. The ride-hailing app has already been defeated on the two previous occasions it has tried to challenge the ruling, which was first made in [...]
Court date set for Uber’s London ban appeal February 27, 2020 The court date for Uber’s appeal of its London ban is set for 6 July, with a judge deciding today that the capital’s largest taxi union can take part in the proceedings. Chief Magistrate of England and Wales Emma Arbuthnot ruled today that the Licensed Taxi Drivers’ Association (LTDA) are an “interested party” in the [...]
Uber makes offer for US food delivery service Postmates June 30, 2020 Uber is said to have made a takeover offer for rival food delivery app Postmates, despite the latter having recently filed to go public. The deal values Postmates at $2.6bn, the New York Times first reported. Talks are still ongoing, and an agreement could yet fall apart. The tie-up could provide a leg-up to Uber’s [...]
Uber must classify drivers as employees, California rules June 11, 2020 Drivers operating on ride-hailing platforms such as Uber and Lyft will now be considered employees, regulators in California said today. Under the state’s gig economy workers law, which was passed six months ago, such companies must pay employees for overtime, health benefits and workers’ compensation. Today the California Public Utilities Commission (CPUC), the ride-hailing sector’s [...]
Uber Eats orders skyrocket 160 per cent in lockdown June 29, 2020 Orders on Uber Eats have jumped significantly since lockdown began, rising by over 160 per cent as the UK turned to food delivery apps to replace the high street. The number of new restaurants on Uber Eats’ UK platform has almost doubled in the last four months to a total of 17,000, as smaller independent [...]
Kapten and Free Now launch joint service in bid to topple Uber July 16, 2020 Black cab app Free Now and Kapten have today launched their newly combined service in a bid to topple Uber as the country’s biggest ride-hailing company. The new service, which will be available through a new app under the Free Now brand, will give users access to 35,000 drivers in London alone. It is the [...]
All night long: Greggs feels benefit of evening opening hours October 3, 2023 Sausage rolls are proving a hit long into the evening as high street baker's longer opening hours begin to pay off
Deliveroo closes Australian business amid ‘challenging economic conditions’ November 16, 2022 Deliveroo is leaving the Australian market, citing ‘challenging economic conditions’ and fierce competition. The delivery giant said it had been a “difficult decision”, but “achieving a sustainable position of leadership in the market is not possible without a disproportionate level of investment which would have highly uncertain returns”. “Deliveroo, like all other companies, is now [...]