Uber reports better-than-expected results as food delivery drives growth August 6, 2024 Uber reported stronger-than-expected second quarter results on expansion in its core business and increased orders for food and trips via membership subscribers. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at the NYSE-listed company grew by 71 per cent year-on-year to $1.6bn (£1.3bn) in the quarter ended June 30. Monthly active consumers of Uber [...]
Domino’s Pizza shares slump despite buyback as company lowers guidance August 6, 2024 Domino’s has reported a strong second quarter boosted by the Euro 2024 championship, as the fast-food giant announced a share buyback programme of £20m. However, the firm has also warned about future prospects. In a statement this morning, the company said that it expected earnings to fall at the lower end of its guidance for [...]
Bolt drivers to be guaranteed national living wage while remaining self-employed August 1, 2024 Bolt has launched a scheme that will guarantee its drivers are paid the national living wage in the UK despite remaining self-employed.
Surfing the Thames: How Uber boats came to rule the river August 1, 2024 “Looking out at the river, I was struck by how empty it was,” Sean Collins tells me. This was in 1994, when he had just been made redundant from his previous role as an apprentice waterman on the Thames. All that empty water stretching through the middle of London – it was a “waste”. But [...]
Greggs: Sausage roll-co breathe sigh of relief with ‘no plans’ to raise prices in 2024 July 30, 2024 Greggs has confirmed there are no plans to raise prices for the rest of the year, as London sausage roll-loving commuters breathe a sigh of relief. Chief executive Roisin Currie confirmed the news this morning are previous price increases of 5p for products were driven by wage increases, she said. The bakery boss added that [...]
Greggs: Bakery chain on a roll as sales up once again July 30, 2024 Greggs' total sales for the 26 weeks to June 29 reached £960m, crediting the boost in numbers to a partnership with Uber Eats and the roll-out of its evening trade plan.
Tortilla shares plummet as chain takes revenue hit after quitting Deliveroo July 24, 2024 Mexican fast food chain Tortilla has taken a hit to its revenue after ending its partnership with Deliveroo in a bid to cut down on delivery commission charges.
LAD Bible owner LBG Media shares soar 12 per cent as Euros and Betches deal drive growth July 24, 2024 The media company increased its global audience to 493m in the first half of the year, up from 410m in the same period of 2023.
Court of Appeal overturns VAT obligation to taxi fares in Uber case July 15, 2024 Court has overturned a landmark ruling that for all private hire journeys outside of London should be paying VAT, a ruling that will be seen as a win for the taxi industry
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 [...]