Uber shares slip after London licence loss November 25, 2019 Uber’s share price has slipped after falling close to a record-low in pre-market trading in response to the app’s loss of its London licence. Shares in the New York-listed company were down three per cent to $28.66 in pre-market trading, wiping almost $2bn off Uber’s market cap. However, shares trimmed losses to stand 1.4 per [...]
Trellis tower: London’s second-tallest skyscraper gets green light after planning battle November 25, 2019 Plans to build London’s second-tallest skyscraper, the Trellis, have been given the nod after a three-year planning war. The tower, whose real name is 1 Undershaft, will be 1,000 feet tall when completed, standing just 17 feet shorter than the Shard. Read more: Was Sadiq Khan right to reject plans for the Tulip tower? After [...]
Uber ban: London business groups mourn ‘dark day’ November 25, 2019 Business groups have slammed the decision to not grant Uber a new operating licence in London, with one think tank calling it a “total disgrace”. Transport for London (TfL) announced this morning it had not renewed Uber’s licence, after a long-running battle over the company’s safety record. Read more: TfL bans Uber from London after [...]
TfL bans Uber from London after ‘pattern of failure’ leaves passengers at risk November 25, 2019 Transport for London (TfL) today effectively banned Uber from the capital, saying the company was not a “fit and proper” operator. TfL said safety breaches had “left passengers at risk” and that Uber did not have “a robust system for protecting passenger safety”. It added that a “pattern of failure” was behind its decision to [...]
Uber rivals sharpen their knives after ride-hailing app loses London licence November 25, 2019 Uber’s biggest London competitor has accused the company of having a “toxic corporate culture” and for being a habitual regulation dodger in the wake of the app losing its London operating licence. The announcement to ban the app came this morning in a sensational decision, which saw TfL find that Uber was “not fit and [...]
Controversial Silvertown Tunnel project gets the go-ahead from TfL November 25, 2019 The controversial Silvertown Tunnel is set to finally go ahead, after Transport for London (TfL) announced this morning it had finalised the project’s contract. TfL has officially awarded the contract to Riverlinx Consortium to design, build, finance and maintain the £1bn tunnel connecting Royal Docks and Greenwich. Read more: Silvertown Tunnel: Bringing London together or [...]
Our cities must work together to unlock Britain’s full potential November 25, 2019 When most people think of the UK financial and professional services sector, they immediately associate it with tall towers and iconic institutions based in the Square Mile. But that is just one part of the story. Today, 2.3m people are employed in these industries, with over two thirds of those jobs outside of London. As [...]
TfL ‘actively considering’ banning Uber from London November 25, 2019 Uber could be on the verge of a complete ban in the capital, with rumours swirling that Transport for London (TfL) may not renew its licence today. Uber’s operating licence runs out on Tuesday at midnight, after TfL only granted the ride-hailing app a two-month probationary extension in September. Read more: Uber ‘under pressure’ to [...]
General Election 2019: Labour pledges 20 per cent property tax for foreign buyers November 23, 2019 Labour has pledged to put an extra 20 per cent levy on foreign companies buying property in the UK. The party has said it would charge firms and trusts from abroad looking to buy properties an additional 20 per cent on top of existing stamp duties and surcharges. Read more: General Election 2019: Jeremy Corbyn [...]
Christmas delivery nightmare: More than half of online shoppers suffered delivery issues last year November 22, 2019 More than half of people suffered a delivery disaster during last year’s festive period after ordering online, according to new research from Which. Of the 2,071 people survey, 54 per cent said they had encountered problems with the delivery of their packages. The issues ranged from being left outside in the rain to not turning [...]