Uber abandons 2020 guidance amid Covid-19 lockdown April 17, 2020 Uber has withdrawn its 2020 financial guidance and plans to write down around $2bn in investments amid the Covid-19 lockdown. The ride-hailing firm had expected to book adjusted net revenue of up to $17bn and an adjusted loss of between $1.45bn and $1.25bn. But Uber yesterday said Covid-19 made it “impossible” to predict future financial [...]
Uber to provide free journeys and meals for NHS staff March 30, 2020 Uber has committed to providing 200,000 trips and 100,000 meals to NHS workers on the frontline of the coronavirus crisis. Free rides up to the value of £15, as well as £10 Uber Eats vouchers, will be given to anyone with an NHS email address, which includes many of the 300,000 nurses in the UK. [...]
Hola, Ola: Meet the latest app to fight for Uber’s London crown February 10, 2020 Transport for London’s (TfL) decision not to renew Uber’s operating licence late last year split commuters down the middle, but the controversial ride-hailing app’s rivals have seized the opportunity to stake their claim to the capital. Uber’s effective ban came over concerns it had not done enough to protect Londoners after TfL identified a “pattern [...]
Uber sells Indian food delivery business to Zomato January 21, 2020 Uber today said it has sold its food delivery business in India to local rival Zomato in an all-share deal worth a reported $350m (£268m). The deal gives Uber a 10 per cent stake in Zomato, which is backed by Ant Financial, a fintech affiliate of Chinese conglomerate Alibaba. The companies did not disclose the [...]
Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Uber banned in Germany as bumpy ride continues into 2020 December 19, 2019 A German court banned Uber from operating its ride-hailing services in Germany today for lacking the licence necessary to offer transport services using rental cars. Uber is active in seven German cities and works exclusively with car rental companies and their drivers. It can appeal to a higher court and will continue to drive in [...]
Uber in talks to sell Indian food delivery business to Zomato in $400m deal December 16, 2019 Uber is said to be in talks to sell its Indian food delivery business to local rival Zomato in a deal worth roughly $400m (£299m). The ride-hailing giant is looking to offload Uber Eats in India to Zomato as part of its plan to reach profitability by 2021, according to several media reports. Read more: [...]
Uber launches appeal over TfL London ban December 13, 2019 Uber has today submitted an appeal against Transport for London’s (TfL) decision to ban the ride-hailing app from operating in the capital. TfL last month stripped Uber of its licence, stating that a “pattern of failures” left passengers at risk. Read more: Uber says it received 6,000 reports of sexual assault over two-year period The [...]
Uber says it received 6,000 reports of sexual assault over two-year period in United States December 6, 2019 Uber has revealed it received almost 6,000 reports of sexual assault in the United States in 2017 and 2018. It said that although there had been more cases in 2018, the incidence had dropped by 16 per cent due to there being more trips undertaken. The ride-hailing firm has come under increased scrutiny of late [...]
Food delivery apps serve up extra £400m in restaurant revenue December 2, 2019 Food delivery apps such as Deliveroo, Just Eat and Uber Eats are serving up an extra £400m in revenue for European restaurants, according to a new report. Third-party platforms, that customers can use to order food from a variety of restaurants, have also increased profit across the Europe’s restaurant sector, with venues in London seeing [...]