Transport for London to crackdown on Uber and private hire (PHV) licence with new rules February 15, 2018 London’s transport regulator has promised to get tough on Uber and other ride-hailing companies, admitting that current rules are failing to keep up with technological developments. New plans could include women-only car sharing options and forcing innovative companies to share their data, as well as granting permission to operate only for limited periods of time. [...]
George Soros’s fund has sold its stake in Facebook after he blasted tech giants – but has upped its Twitter and Snap holdings February 15, 2018 Soros Fund Management, the firm run by billionaire hedgie manager George Soros, has finally sold its stake in Facebook after Soros blasted tech giants at the World Economic Forum in Davos last month. Yet it seems the 87-year-old investor is not quite ready to practice what he preaches just yet, as regulatory filings reveal he [...]
Bitcoin price (BTC) is edging closer towards the $10,000 mark February 15, 2018 Bitcoin is rising towards the key $10,000 hurdle after a series of sharp declines throughout the start of the year wiped off about half of its market value. At the time of writing, bitcoin’s price was up 2.13 per cent at $9,680.18, but earlier in the day it rose as high as $9,961, according to [...]
Lloyd’s of London insurer Lancashire share price falls on year of losses and challenging outlook February 15, 2018 Lloyd’s of London insurer Lancashire swung into the red today after counting the cost of a string of natural catastrophes and warning 2018 would be challenging. Shares dived over four per cent as dividends were slashed. Net annual operating losses for 2017 were $86m (£61m), compared with profits of $144m in 2016. Investors will see [...]
John Lewis, Waitrose and Lidl: The top 10 retailers with the best customer shopping experience – Forrester February 15, 2018 Middle England favourites John Lewis and Waitrose continue to triumph when it comes to offering shoppers the best customer experience – but Lidl is racing ahead of rivals. The discounter climbed to ninth – a rise of six places – in an annual ranking of the best customer shopping experience, taking into account things such [...]
Coinbase launches bitcoin tool for shops and businesses to accept cryptocurrency payments February 15, 2018 Having trouble spending your bitcoin? Despite the cryptocurrency boom, using it to pay for goods is far from mainstream. But there’s one startup that is looking to change that. Cryptocurrency exchange Coinbase has launched a new tool to make it easier for shops and other businesses to accept payments directly in bitcoin, ethereum, litecoin and [...]
GKN condemns Melrose’s “low price and high risk” offer as it publishes formal document pressing shareholders to turn down the £7.4bn bid February 15, 2018 Beleaguered engineering giant GKN has published its formal letter today attempting to sway shareholders from accepting a £7.4bn hostile bid from turnaround firm Melrose Industries. As the clock keeps ticking towards the acceptance deadline, GKN has now termed Melrose’s unsolicited bid “low price and high risk”. It said the sum Melrose was offering “is a [...]
Standard Life Aberdeen share price falls after being stripped of £109bn Lloyds Bank owned Scottish Widows mandate February 15, 2018 Standard Life Aberdeen was today dealt a blow after being stripped of £109bn of assets it manages on behalf of life insurer Scottish Widows. The newly merged fund management behemoth said it would lose up to five per cent of annual revenues and take a £40m impairment charge after Scottish Widows’ owner Lloyds Bank pulled [...]
Sky share price rises above takeover offer: English Premier League victory could see Rupert Murdoch bowing out just at the right time February 15, 2018 Investors were clearly happy with Sky’s Tuesday night Premier League result, pushing the company’s shares to nearly £11 a pop during yesterday’s trading. The broadcasting giant’s stock eventually ended the day 7p higher than the £10.75 a share tabled by Rupert Murdoch’s 21st Century Fox. With the majority of Premier League TV rights decided, Sky [...]
Should the 21st Century Fox bid to take over Sky go ahead if Sky News is made independent? February 15, 2018 Should the 21st Century Fox bid to take over Sky go ahead if Sky News is made independent? YES – Liz Duff, head of media and investment at Total Media. This is something of a no-brainer. The Murdochs’ control of the news media in the UK was the main concern from the CMA – and [...]