Let this be the week that Liz Truss moves into Number 11 Downing Street July 23, 2019 We are now at the end of the Tory leadership election. Today, we will have the results, and tomorrow, either Boris Johnson or Jeremy Hunt will be sworn in as Prime Minister of the United Kingdom. But throughout it all, another important contest has largely gone ignored: the race for Number 11. Within the Westminster [...]
Google parent Alphabet misses estimates as EU fine takes its toll April 29, 2019 Alphabet missed Wall Street estimates on revenue in its first quarter, while the EU's €1.5bn (£1.3bn) advertising fine weighed on profit. Revenue rose 16.7 per cent to $36.3bn for the first three months of 2019, its slowest pace in three years, missing analyst estimates of $37.3bn according to data from Refinitiv. The parent firm of [...]
Can Just Eat deliver the City what it wants? April 29, 2019 On Wednesday morning most eyes in the City will be on Mike Coupe, the Sainsbury’s chief executive battling to keep his job. In the firm’s Holborn HQ the grocery veteran will set out his Plan B after the UK competition watchdog crushed his dreams of a merger with Asda. Read more: Shortsellers increase bets against [...]
Electric bike startup Lime to scoot into the UK market with a soft launch in Milton Keynes October 21, 2018 Dockless electric bicycle and scooter startup Lime is set to fire up its first expansion into the UK market with a soft launch in Milton Keynes. The San Francisco firm, which is valued at $3bn (£2.3bn), is exploring an office in the UK with plans to hire a country manager and up to 20 staff [...]
Small businesses will be collateral damage in Corbyn’s war against the rich May 23, 2019 A new word was coined earlier this month. Joining the terms “Brexit” and “omnishambles” in the English lexicon, we now have “Corbygeddon” to describe the abject fear of a hard-left Labour government led by Jeremy Corbyn, that’s set to drive the uber-wealthy (or at least a proportion of their assets) out of the country in [...]
Slack confidentially files for New York listing February 4, 2019 Workplace messaging app Slack has confidentially filed to go public in New York today, following months of speculation on the nature of its listing. No further details were given as to the timing or pricing of its initial public offering (IPO), however the app was said in January to be considering a direct listing instead. This is [...]
Foreign flops at Purplebricks and Domino’s hit shares May 7, 2019 International expansion is not as easy as it looks – just ask the boards of Purplebricks and Domino’s. Michael Bruce, found and chief executive of Purplebricks, is stepping down after a torrid year for the company. COO Vic Darvey is stepping into the breach. That means we’ve seen the poor performance recently claim 3 CEOs [...]
Uber’s hooking up with Nasa to bring flying cars a step closer to reality by 2020 in Los Angeles and beyond November 8, 2017 Uber says its vision for flying cars are closer to take off after a deal with Nasa to work on a system for managing airspace together. The ride-hailing startup’s ambitious plans for a network of pod-like flying taxis that zoom around the sky were first revealed in April. And now it says it will partner [...]
Softbank unveils $500m Softbank Acceleration Fund March 11, 2019 Softbank has launched a new global tech fund with up to $500m (£384.68m) to pour into early-stage startups. Read more: Softbank's Vision Fund pump $940m into robotics firm Nuro The Japanese telecoms giant could launch the Softbank Acceleration Fund as early as next month, according to Reuters. The new fund – a rebrand of Seoul-based [...]
Is Uber a tech or transport firm? Europe’s highest court’s about to decide December 20, 2017 A major question of modern times asking whether Uber is a transport or technology company is set to be answered by Europe's highest court on Wednesday. The European Court of Justice will make a ruling in a long-running case originating in Spain and is expected to decide that Uber is a transport company. The implications [...]