Shortsellers increase bets against Just Eat amid competition from Uber and Deliveroo April 29, 2019 Hedge funds have ramped up their bets against FTSE 100 giant Just Eat in recent months as they look to cash in on shareholder disruption and a slowdown in growth at the online takeaway player. The food delivery firm, which has been facing investor unrest in recent months as it fights to protect its market share against the [...]
A pro-business mayor? Khan is less so than Livingstone April 29, 2019 Before he was elected, Sadiq Khan promised – in this newspaper and elsewhere – to be the “most pro-business mayor yet”. In a literal sense, that pledge was already a bit limited, because Khan has only had two predecessors: Ken Livingstone and Boris Johnson. The first one was an apologist for assorted Communist regimes. In [...]
Jaguar Land Rover weighing up bid for London cab company Addison Lee April 28, 2019 Jaguar Land Rover (JLR) is weighing up an offer for London-based taxi company Addison Lee in a bid to keep up with companies such as Uber, the Sunday Telegraph reported yesterday. Read more: Jaguar and Addison Lee trial their driverless cars in London Addison Lee was put up for sale by its owner, US private [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Uber’s self-driving unit raises $1bn ahead of IPO April 19, 2019 Uber’s self-driving unit has raised $1bn from a consortium of investors including Softbank Group ahead of the ride hailing app’s initial public offering. Uber said that the investment values its Advanced Technologies Group, which is working to develop autonomous vehicle technology, at $7.25bn. Read more: Uber IPO: Six things you need to know Softbank will invest [...]
Pinterest files for $12.7bn IPO: What it needs to do next April 18, 2019 Image curation site Pinterest will list in the US when the New York Stock Exchange opens later today at $19 per share. The unicorn’s share price, which had more than 250m active users and 2bn searches last year, is above the target range and a valuation that the website received in 2017. Read more: Get [...]
Your IPO can dazzle the stock market with the right communications strategy and PR spin April 16, 2019 The initial public offering (IPO) market is revving into gear, with consumer technology stars including Uber, Airbnb, and other Silicon Valley heavyweights planning to go public this year. However, these offerings all come in the controversial wake of ride-hailing app Lyft, which raised more than $2.3bn (£1.76bn) in a seriously – 20 times – oversubscribed [...]
Lyft shares tumble after tough week of trading April 15, 2019 Ride-sharing company Lyft saw its share price fall to a fresh low today as Wall Street caution continued to loom large weeks on from the firm's initial float. Read more: Lyft's brutal debut set to push down Uber IPO price The group’s share price has plunged more than five per cent this afternoon, adding to a 20 [...]
You can’t blame Brexit for the British car industry’s woes April 15, 2019 Quizzed by Nick Hewer on Honda’s decision to close its Swindon plant earlier this month on BBC radio, I suggested that blaming Brexit for the demise of the Japanese auto makers factory with the loss of 3,500 jobs was not the whole story. Certainly, Brexit plays havoc with the vehicle industry’s sophisticated just-in-time supply chain. [...]