Uber shares jump after food delivery service reports profits for first time February 10, 2022 Uber shares last night jumped more than 6 per cent in post-market trading after its food delivery service, Uber Eats, reported its first profit ever. In the fourth quarter of 2021, Uber Eats reported a $25m EBITDA profit, while Uber’s revenue grew 83 per cent to $5.8bn, beating analysts’ forecast of $5.36bn. The group’s mobility [...]
Ride green: Uber Boat builds UK’s first hybrid high-speed passenger ferries January 20, 2022 Uber Boat by Thames Clippers has announced it is currently building the UK’s first hybrid high speed passenger ferries. Set to respectively launch in autumn 2022 and spring 2023, the ferries will operate solely on battery power when transporting commuters between Tower Pier and Battersea Power Station. “After the challenges of the last two years [...]
Gig workers on the verge of wider employee rights under EU plans December 9, 2021 The European Commission announced this morning draft rules to give workers at online platform companies such as Uber and Deliveroo better social rights, but which companies say could lead to job losses and more litigation in court.
High Court says ride-hailing gig models are unlawful December 6, 2021 The High Court Administrative Court has refused Uber’s application to declare its controversial gig-economy business model lawful in a ruling this morning
London Tube strike: Uber to charge 150 per cent more for rides today November 26, 2021 With London going through yet another tube strike on five of its main lines today, many will be left with no other option than to call a taxi to work to avoid delays. However, Uber users across London may face much higher charges today, likely to be around 150 per cent. A recent study from [...]
Uber expands to cannabis delivery in Canada November 22, 2021 Uber's delivery and takeout unit has partnered with cannabis retailer Tokyo Smoke to allow online cannabis orders through Uber Eats in Ontario, Canada, a company spokesperson told Reuters.
Uber begins crackdown on driver cancellations November 21, 2021 Uber is to start blocking drivers who repeatedly cancel on passengers amid growing frustration with the app.
Uber fares to jump 10 per cent in London November 11, 2021 Uber will increase prices by 10 per cent for Londoners, in an effort to woo drivers back to the ride hailing platform, according to reports. The blanket rise marks the first time Uber has raised its prices in London since 2017, according to the Evening Standard, which first reported the news. Drivers were reportedly told [...]
Congratulations, Uber! App to celebrate one billion UK trips November 9, 2021 Uber is expected to celebrate its billionth UK trip later this year, almost 10 years after it first launched. To mark the milestone, the company has announced that both the billionth rider and the driver who takes the billionth trip will receive prizes. The customer will win free Uber trips for 10 years, while the [...]
Uber marks first-ever adjusted profit, swinging from last year’s $625m loss November 4, 2021 Ride hailing giant Uber has posted its first-ever adjusted profits in its last quarter, swinging from an eyewatering $625m loss just a year ago. The $8m profit marks a turning point from both its ride hailing and food delivery divisions. Consumers have begun travelling in greater numbers again, after a more than a year of [...]