Taxman opens investigation into claims Uber owes £1bn in unpaid VAT May 19, 2019 HMRC has opened an investigation into Uber over allegations it owes around £1bn in unpaid VAT. Uber claims it is exempt from paying VAT because its drivers are self-employed and their earnings fall below the £85,000 threshold. However, HMRC is now looking into whether Uber is a transportation company and should therefore be liable to pay [...]
Uber loses $1bn in first quarterly results since stock market float May 30, 2019 Uber has reported a $1bn (£790m) loss in its first quarterly financial report as a public company, despite revenue rising by one-fifth. Read more: Uber partners with insurtech start-up to offer digital insurance The loss will not come as a surprise to investors in the ride-hailing giant, after it already predicted the figure in a [...]
Amazon-owned Zoox reveals first autonomous ‘robotaxi’ December 15, 2020 Zoox inc., a self-driving car company, revealed the first fully functional, electric robotaxi yesterday.
Digitisation of the economy sped up PensionBee’s float plans March 23, 2021 The transition to a digitised economy sped up PensionBee’s plans to float on the stock market, an idea it first began to mull in 2016. This morning online pension provider PensionBee announced its intention to float on the London Stock Exchange. The IPO would comprise an offer to institutional investor and eligible PensionBee customers. More [...]
Thomas Tuchel has turned Chelsea into a winning machine – but the football is surprisingly dull March 22, 2021 Thomas Tuchel’s transformation of Chelsea from freewheeling self-saboteurs to uber-efficient winning machine continues apace. Days after reaching the Champions League quarter-finals by beating kindred spirits Atletico Madrid, they marched into the last four of the FA Cup with minimal flourish against Sheffield United on Sunday. So serene has their recent progress been that media-shy Roman [...]
Door Dash eyes $27bn valuation as it rides tech IPO wave November 30, 2020 US food delivery startup Door Dash is aiming to raise as much as $2.8bn (£2bn) in an initial public offering that could value it at $27bn. The Softbank-backed app plans to sell 33m shares priced between $75 and $85 each, according to a regulatory filing today. The bumper listing will come amid a flurry of [...]
Ofgem invests £300m into EV charge points, with £40bn more to come May 24, 2021 The Office of Gas and Electricity Markets, also known as Ofgem, has invested £300m into expanding the UK’s electric vehicle (EV) charging network today, to push the pedal on the country’s low carbon future. In the bid for net zero, the non-ministerial government department has put money behind the electric vehicle sector, to instal [...]
Uber revamps app to offer London passengers a public transport option April 30, 2019 Uber is revamping its app to include public transport information that will allow users to compare journeys based on price and time. Using publicly available data from Transport for London (TfL), the app will grant users to access real-time information for services such as the Underground, Overground and DLR, which Uber says will allow them to [...]
Uber IPO: Shares slide again on second day of New York trading May 13, 2019 Shares in Uber dropped as much as 10 per cent this afternoon on its second day of trading following a disappointing $82.4bn (£63.2bn) stock market debut on Friday. The ride-hailing giant’s stock fell to $37.22, dropping more than 17 per cent below its initial public offering (IPO) price of $45 per share. Read more: Uber braced [...]
Screenshot: Will workers’ rights put a puncture in Deliveroo’s IPO? March 26, 2021 This week **Media Moment of the Week: Farewell to the real McCoy **Will workers’ rights put a puncture in Deliveroo’s IPO? **A watchdog bares its teeth Media Moment of the Week: Farewell to the real McCoy In a shock bit of transfer news this week, BBC presenter Simon McCoy announced he was leaving the Beeb [...]