DEBATE: Will Uber’s move into banking succeed or fail? November 4, 2019 Can Uber graduate from taxi rank to taxi bank after announcing its move into financial services? YES, says Andrew Mitchell, vice president at JCB. Uber’s drivers are its bedrock. And growing driver service and revenue options without earth-shattering outlays is shrewd indeed. As such, Uber Money is a logical step to maximise its digital-lifestyle standing [...]
Bolt drivers strike over workers rights snub June 22, 2021 Drivers for ride-hailing app Bolt have this morning begun a 24-hour strike against the firm, saying that has failed to respect their rights as workers in line with the Supreme Court’s historic Uber judgement in February. The App Drivers & Couriers Union (ACDU), which called the strike, said that it believed Bolt drivers worked under [...]
Avert economic damage rail strikes will cause, say London businesses July 25, 2022 London businesses have called on unions, operators and the government to find a solution to the ongoing railway strikes “and avert the economic damage” they will cause. “The week-long rail disruption in June caused footfall in the capital to drop by up to a quarter compared to the previous week,” Ruth Duston – chief executive [...]
Bolt is best placed app to take Uber’s London crown, says report December 2, 2019 Bolt is the best-placed ride-hailing app to capitalise from Uber’s failure to secure a new London licence, according to a new study. Figures from market intelligence company SimilarWeb show that the Estonian app has had the largest amount of Android downloads out of Uber’s competitors in the months leading up to the app’s ban last [...]
Another one: Zopa Bank enters buy-now pay-later space June 8, 2022 Digital bank Zopa has entered the highly competitive buy-now pay-later (BNPL) space, following suit of tech giant Apple and on the toes of the likes of Klarna.
Rail operators and freight firms create coalition to transform UK railways July 20, 2022 A consortium of rail and freight operating firms have clubbed together with a prospectus to transform Britain’s railways. The launch of Rail Partners was welcomed by rail minister Wendy Morton, as the industry sets out five key priorities for reform – including the sector’s decarbonisation and the role of Great British Railways moving forward. Made [...]
Exclusive: London’s first ever data charter launched September 20, 2021 One of London’s leading business associations has today launched the capital’s first ever Data Charter to help businesses tackle some of the biggest challenges facing the city. Drawn up by law firm Pinsent Masons for London First, the charter provides a framework for private and public companies across the city to collaborate and share data. [...]
Uber meets estimates but rising costs eat into profit February 6, 2020 Uber continued to draw more customers in the fourth quarter but high costs at Uber Eats means it continues to lose money. The company’s fourth quarter revenue met Wall Street’s estimates, rising 36.9 per cent to $4.07bn (£3.15bn). It was in line with analyst expectations of $4.06bn. It was aided by an increase of monthly [...]
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.