Forget Rightmove, we need an Amazon for home buyers June 23, 2024 Rightmove has been the dominant force in property portals for almost two decades. Currently the 5th most shorted stock in FTSE by investors, it is the indisputable leader in its field. But the question on everyone’s lips is how much longer this will be the case? asks Babek Ismayli Disruptors have been seeking to dethrone [...]
Uber confirms acquisition of Postmates in $2.65bn food delivery tie-up July 6, 2020 Uber has bought up rival delivery app Postmates in a $2.65bn deal, the companies announced today, ending speculation of a tie-up between the pair. The all-stock deal represents only a slight increase on Postmate’s last private valuation of $2.4bn in September. Postmates will be kept as a separate app to Uber Eats, but some parts [...]
New York firm offers new lawyers unprecedented $235,000 salaries – $20,000 more than closest rivals February 17, 2022 Brewer, Attorneys & Counselors is set to pay its newly qualified lawyers an unprecedented $235,000 (~£172,500) a year, in offering $20,000 more than rival US firms. The firm’s decision to up pay for its first-year associates to $235,000 a year comes after New York firm Milbank sparked a fresh bidding war in January, after raising [...]
Uber installing in-car partitions to help stop coronavirus spread May 14, 2020 Uber said today it was piloting the installation of screens in 400 cars to help stop the spread of coronavirus. Uber is working with AA to install the partitions in 400 cars in Newcastle, Sunderland and Durham. It is also working with Unilever to distribute hygiene kits to Uber drivers in the UK. Uber said [...]
Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Even Big Tech CEOs can’t afford to ignore the costs of bad PR January 16, 2024 Big tech CEOs may think they're invincible, but sending rockets into space won't spare you the costs of bad PR, writes Mike Maynard.
The Notebook: Turo’s Xavier Collins on why the UK needs to regain its risk appetite January 10, 2024 Where the City’s movers and shakers get a few things off their chest. Today, Xavier Collins, vice president at Turo, takes The Notebook pen.
How dual-class shares will help London attract tech IPOs July 1, 2024 The FCA has made plenty of mistakes, but they are right about dual class share structures — these will encourage new listings and tackle the London Stock Exchange’s persistent short-termism, says Daniel Valentine The Financial Conduct Authority is preparing reforms to the listing regime of the London Stock Market which have been described as “the [...]
Posties reject Royal Mail’s ‘final and best offer’ as Black Friday strikes go ahead November 23, 2022 The UK postal service is facing an “Armageddon moment” as Royal Mail’s eleventh hour bid to call off Black Friday strikes fails. Members of the Communication Workers Union (CWU) rejected Royal Mail’s “final and best” offer this afternoon, scuppering hopes that industrial action happening tomorrow and Black Friday – two of the biggest online shopping [...]
Addison Lee boss: Taxi firms making a fortune during strikes is an ‘urban myth’ October 24, 2022 Private taxi and hire companies making a fortune during strike days is an “urban myth”, according to Addison Lee’s chief executive Liam Griffin. “We don’t surge in the way Uber does,” Griffin told City A.M. “We continue to charge the same rates we would on any given day.” The comments come as thousands of rail [...]