Lyft overtakes Uber on road to market float with SEC filing December 6, 2018 Ride-hailing firm Lyft has taken its first big step along the road to a US listing, the firm confirmed today. The company, which was last valued at around $15bn (£11.7bn), said it has submitted a confidential S-1 form with the US Securities and Exchanges Commission (SEC) as it looks to list its stock. No decision has [...]
Food delivery apps serve up extra £400m in restaurant revenue December 2, 2019 Food delivery apps such as Deliveroo, Just Eat and Uber Eats are serving up an extra £400m in revenue for European restaurants, according to a new report. Third-party platforms, that customers can use to order food from a variety of restaurants, have also increased profit across the Europe’s restaurant sector, with venues in London seeing [...]
Softbank to lay off 15 per cent of staff at Vision Fund arm June 9, 2020 Softbank is set to cut 15 per cent of jobs at the investment arm which manages its $100bn Vision Fund, following a series of misplaced bets which damaged its overall value. The Vision Fund, which is responsible for taking major stakes on behalf of Softbank in tech startups such Wework and Uber, has a global [...]
Sadiq Khan urges PM to make face masks compulsory in shops as well as public transport June 18, 2020 Sadiq Khan has urged the government to force people to wear face masks in shops and other confined public spaces. The mayor of London wrote to Prime Minister Boris Johnson this morning, calling for an extension to the rule which requires people to wear face masks on public transport. He said: “With lockdown easing, it’s [...]
McDonald’s to reopen for delivery this month May 1, 2020 McDonald’s will reopen some UK restaurants for delivery this month after trialling social distancing measures. The fast food giant will open 15 stores on 13 May, offering a limited menu for delivery only, after successful social distancing trials this week. McDonald’s UK and Ireland chief executive Paul Pomroy said the restaurants selected to reopen will [...]
Screenshot: Is Trump’s Facebook ban too hot to handle? May 7, 2021 This week **Media Moment of the Week: Brits love bent coppers **Is Trump’s Facebook ban too hot to handle? **ITV’s Summer of Love (Island) Media Moment of the Week: Brits love bent coppers Ok, so you might not have been the biggest fan of the Line of Duty season finale on Sunday. In fact, you [...]
TfL is investigating thousands of potentially illegal minicab drivers November 4, 2019 Transport for London is investigating almost 2,000 London minicab drivers that may have illegally gained their driving qualifications. Minicab drivers must complete several requirements – passing topographical tests, medical checks and criminal record checks – with TfL before gaining a private hire vehicle licence. Read more: TfL cracks down on illegal minicabs and taxis However, [...]
Amazon buys self-driving startup Zoox for $1bn June 26, 2020 Amazon has acquired US self-driving startup Zoox, marking its first major step into the driverless cars market. The deal is valued at more than $1bn, the Information first reported. Amazon declined to confirm the size of the acquisition. Zoox chief executive Aicha Evans and chief technology officer Jesse Levinson will continue to lead Zoox as [...]
Ride-hailing app Kapten unveils London-first electric fleet November 19, 2019 Ride-hailing app Kapten has launched a fully electric fleet of vehicles, marking a London-first. Kapten launched its “electric class” fleet today, making it the first ride-hailing app in London to have an electric option on its app. Read more: Riding by: Kapten’s new CEO plots out the company’s future It consists of 1,100 battery electric [...]
Goodwood Festival of Speed 2021: Britain’s coolest car park July 9, 2021 Many of the most exciting machines at Goodwood Festival of Speed can be found in the car park. Join us for some Grade A supercar spotting.