Skyscanner acquired by Chinese travel giant Ctrip in a £1.4 billion deal September 19, 2016 | City Talk Edinburgh-based travel search company Skyscanner has been acquired by Chinese travel giant Ctrip in a £1.4 billion deal. Ctrip, a Chinese online travel agent, claims two thirds share of the market in China. Headquartered in Shanghai, it was founded in 1999 and began life as a review site, then branched to hotel business and across [...]
Cars will go the way of DVDs in a decade and more predictions for the future of transport according to Lyft founder John Zimmer September 19, 2016 A transport revolution is coming thanks to technology – that's according to the founder of ride sharing startup Lyft, a rival to Uber, John Zimmer. In an ambitious manifesto, the entrepreneur has predicted the third transport revolution will arrive with the development of driverless cars, one of the hottest, most talked about and potentially disruptive developments in [...]
Takeaway.com IPO: Is Europe about to get its next tech unicorn? September 19, 2016 Dutch dot-com startup Takeaway.com could be on the verge of becoming Europe's latest tech unicorn. The firm issued more details this morning about its long-awaited float on Amsterdam's Euronext exchange, with the company set to flirt with a €1bn price tag. Takeaway.com, founded in 1999, said its shares will go public on 30 September – Euronext's first IPO [...]
House prices rebounded in September after the Brexit vote lull September 19, 2016 UK house prices are rebounding from the lull that immediately followed the Brexit vote, according to data from Rightmove. Asking prices have increased 0.7 per cent month-on-month, Rightmove said. In the weeks after the Brexit vote, Rightmove found that prices fell by 0.9 per cent. But first-time buyers are finding it increasingly difficult to get on [...]
Here’s the magic age parents think their kids finally become financial adults September 19, 2016 Parents and kids should prepare themselves for a long old ride when it comes to forking out financially. Mum, Dad, and their bank, expect to be supporting their offspring until the ripe old age of 29, new research reveals. Parents say they're likely to splashing out on the usual markers of their child entering adulthood, [...]
In quotes: Jeremy Corbyn’s quite sarcastic Today programme appearance September 19, 2016 Two days before the ballot closes in the Labour leadership contest, Jeremy Corbyn has given his first interview to the BBC's flagship Today programme since the contest started in July. The programme, widely seen as agenda-setting in Westminster, the City and beyond attracts an average weekly audience of 7.4 million listeners. That's only 1.9 million [...]
Rolls-Royce shares have risen after it admitted it is cutting hundreds more management roles September 19, 2016 Shares in Rolls-Royce rose in early trading after the troubled engineering giant admitted it is making another 200 job cuts. Shares rose almost two per cent to 741.5p after the company said over the weekend it was planning the job cuts, all of which will be at management level, it was reported. The company has undergone [...]
LV= operating profit more than halves after poor general insurance performance September 19, 2016 Mutual insurance, retirement and investment group LV= revealed today that operating profit had dropped to £33m in the six months to 30 June, down from £79m this time last year. The firm's chief executive, Richard Rowney, who replaced previous boss Mike Rogers this year, said the lower group operating profit "reflects lower operating profits in the [...]
Regulator calls for more competition in the water market to drive up standards for customers September 19, 2016 Water regulator Ofwat has called for more competition between water providers, saying customers should be able to pick their own providers. Customers are "being left behind", Ofwat has said, because without proper competition, water companies are not being encouraged to innovate. There could be savings for customers if a more competitive system was set up, but Ofwat said [...]
More suspect devices found at New Jersey station September 19, 2016 A suspicious package has been detonated at a train station in New Jersey just a day after an explosion rocked the centre of New York City. Authorities were using a robot to disarm a device discovered at Elizabeth station south of Manhattan early on Monday morning when it exploded while further suspicious devices have been identified in [...]