City A.M. TV: Daily Market Snapshot (video) February 10, 2021 On the surface, risk assets appear to be bullet proof. Commodities including copper and oil, for example, keep trending higher and made new highs yesterday, while certain equity indices such as the Russell 2000 have extended their recent gains (the index is now up 16 per cent YTD). In this brief clip, though, we dig [...]
City A.M. TV: Daily Market Snapshot (video) March 22, 2021 City A.M. TV: Daily Market Snapshot (video)
We Work poaches Uber’s UK manager Tom Elvidge to serve as COO March 15, 2019 Uber's UK and Ireland general manager has left the ride-hailing app to join tech workspace firm We Work as its new chief operating office for Europe. Tom Elvidge is replacing current COO for Europe, Anthony Yazbeck, who will become COO of We Work International. “WeWork is a truly exciting company that's changing the way we work, live and [...]
Uber launches electric bike-sharing scheme Jump in London May 24, 2019 Uber today launched an electric bike-sharing service in London in the firm's latest attempt to expand its transport offering beyond cars. The ride-hailing app has rolled out the a pilot scheme of 350 bikes in Islington, with plans to expand into other London boroughs in the coming months. Read more: Uber facing £1bn VAT tax [...]
Marcus Rashford to hold talks with Deliveroo over workers’ rights March 26, 2021 Marcus Rashford is reportedly set to hold discussions with Deliveroo amid rising concerns about the way the delivery giant treats its workers. Deliveroo has come under scrutiny in recent days after it emerged many of its riders were not earning minimum wage. A string of major investors have also distanced themselves from the company’s blockbuster [...]
Uber rival Via Van wins three-year licence renewal from TfL July 15, 2019 Ride-sharing service Via Van has had its London licence renewed for the next three years, following its launch in the capital last year. The three-year licence renewal puts Via Van ahead of rivals Uber and Kapten, which are operating on a probationary 15-month licence and a 12-month licence respectively. Read more: Mercedes-backed ViaVan launches weekly [...]
Apple hit with £1.5bn UK lawsuit over ‘excessive’ app store charges May 11, 2021 Apple is being sued for £1.5bn in a landmark UK class action lawsuit that accuses the tech giant of charging “excessive and unlawful” fees on its App Store. The claim, which has been filed in the Competition Appeal Tribunal in London, alleges that Apple deliberately shuts out competition by forcing consumers to use its own [...]
Just Eat Takeaway confirms ‘advanced talks’ to buy Grubhub June 10, 2020 Delivery giant Just Eat Takeaway today confirmed it is in advanced talks to buy Grubhub, in a bid to establish itself as a major rival to Uber in the US. Netherlands-based Just Eat Takeaway said it is “advanced discussions with Grubhub” for an all stock-purchase of the company. Grubhub, a US food delivery startup with [...]
Government ‘acted unlawfully’ by failing to disclose Covid contract details, court rules February 19, 2021 The High Court has ruled that the government acted unlawfully by failing to disclosed details of its Covid contracts. “The Secretary of State acted unlawfully by failing to comply with the Transparency Policy” Judge Chamberlain concluded in his judgment this afternoon. He added “there is now no dispute that, in a substantial number of cases, [...]
The brands that won Euro 2020, from Volkswagen’s tiny ball-carrying car to Bud Light ‘box heads’ and ITV super-pundit Emma Hayes July 12, 2021 Italy were deserved winners of Euro 2020, which will be remembered as one of the best football tournaments all of time. Off the field brands have had their own competition for the hearts and wallets of consumers. Here are my thoughts on who emerged as the winners. EE EE is a long-standing sponsor of the [...]