Uber sells South East Asia business to rival Grab March 26, 2018 Uber will sell its South East Asia business to rival Grab as it surrenders to stiff competition in the region. Uber will take a 27.5 per cent stake in the combined company after it agreed to merge with Grab. Approximately 500 Uber workers across the region will transition over to Uber’s rival. Customers will also [...]
Aberdeen Standard is suing Provident Financial in a row over the investigation of its Vanquis credit card branch March 26, 2018 Troubled doorstep lender Provident Financial is facing a legal battle with Aberdeen Standard, one of its largest investors, over an investigation into its Vanquis credit card unit. Provident announced last year that it was being probed by the Financial Conduct Authority (FCA) over its mis-selling of product called a “Repayment Option Plan” (ROP). This Vanquis [...]
Why brands need to make their messaging more authentic March 26, 2018 How can businesses be more “authentic”? It may sound like just another buzzword to emerge from the world of marketing, but authenticity can go a long way to help build consumer trust in a brand and it’s one of the reasons why companies keep partnering with online influencers. Put simply, authenticity marketing is about a [...]
Financial services firms pressing “the pause button” on Brexit contingency plans after transition agreement reached March 26, 2018 A raft of financial services firms feel able “to put the pause button” on Brexit contingency plans after the transition agreement, the Confederation of British Industry’s (CBI) chief economist said today. Rain Newton-Smith said that last week marked “a huge step forward” with the transition agreement struck between the UK and the rest of the [...]
Smurfit Kappa (SKG) share price drops as it rejects another takeover approach from International Paper saying it doesn’t make “strategic sense” March 26, 2018 Smurfit Kappa said this morning it had rejected a fresh offer from International Paper, saying it failed to reflect the company’s “intrinsic value, track record and superior prospects as an independent business”. Under the terms of the revised proposal, Smurfit Kappa shareholders would receive €25.25 in cash, which the company said would be reduced to [...]
March London strike: Date, time and what lines are affected during 48-hour DLR strike with Bank and Canary Wharf to be exceptionally busy March 26, 2018 Transport for London (TfL) has warned a 48-hour DLR strike this week is set to cause wider disruption for London travel with a number of Tube lines and stations expected to be affected as a result of the walkout. Here’s what you need to know about what’s affected and when. Read more: TfL warns of [...]
Law firm urges claimants to join largest-ever class action over VW emissions scandal March 26, 2018 The law firm acting for around 10,000 Volkswagen (VW) customers whose cars were fitted with defeat diesel devices has urged more claimants to join what could be the largest-ever class action. Your Lawyers is currently acting for around 10,000 VW consumers who are suing the car maker over its role in the 2015 emissions scandal, [...]
While Donald Trump ramps up tariffs on China, remember that trade deficits do not signify weakness March 26, 2018 The trade war we all feared is beginning. Last Thursday, President Donald Trump confirmed that he would be imposing $60bn of tariffs on Chinese products, causing global markets to tumble. Trump’s justification for this move has been America’s trade deficit with China – he explicitly said on Thursday that he had asked China to cut [...]
DEBATE: After Vince Cable’s embarrassing claims about EU leaders, have the Liberal Democrats had it? March 26, 2018 After Vince Cable’s embarrassing claims about EU leaders, have the Liberal Democrats had it? John Longworth, co-chairman of Leave means Leave and former director general of the British Chambers of Commerce, says YES. There have been some pretty big lies and exaggerations surrounding Brexit. We were told that the referendum would increase unemployment by half [...]
Bankrupt, jailed, £100m: Confessions of AirX CEO, John Matthews – the least popular man in private jet chartering March 26, 2018 OUR QUIET table at Dover Street’s Arts Club is becoming a de facto confession box. A gin and tonic replacing the grill between priest and penitent, John Matthews peers through his glass – for he hath sinned. The chief executive of AirX, who admits to being the least popular man in private aircraft chartering, has [...]