Losses take a bite out of Deliveroo buzz but revenue soars amid global expansion October 1, 2018 Deliveroo’s pre-tax losses widened despite another year of booming sales in 2017, in a sign of the firm’s ambitions to bear the brunt of short-term losses for a greater slice of the UK’s increasingly competitive food delivery market. Losses before tax hit £184.7m in the 12 months of 2017, slumping from £129m the year before, with [...]
Uber shells out $148m to settle cyber attack legal case September 28, 2018 Taxi giant Uber has had to pay out $148m (£113m) to settle a legal case over a recent cyber attack. The 2016 breach led to the information of 57m customers and drivers being exposed. Uber paid the hackers $100,000 to delete the data they had taken from the company's servers. The data included information such as the number [...]
Uber executive disciplined over sexual misconduct September 26, 2018 Uber's head of corporate development Cameron Poetzscher was disciplined by the company last year, it emerged today, after it found he had made multiple sexually suggestive and inappropriate comments regarding fellow employees. An investigation by an outside law firm into the allegations was brought to Uber's attention in spring last year. This resulted in a formal warning, a [...]
Uber launches 24-hour hotline for passengers and drivers following pressure from TfL September 25, 2018 Ride-hailing app Uber has launched a 24-hour hotline for drivers and customers following pressure from Transport for London (TfL) which revoked its licence last year. TfL took away Uber's licence on the grounds it was not a "fit and proper person" to hold a licence in the capital. The transport body took issue with Uber's approach to [...]
Competition watchdog says proposed minicab cap would lead to fare hikes for Londoners September 24, 2018 The competition watchdog has criticised proposals to grant councils the power to cap the number of minicabs in the capital following a plea last month by London mayor Sadiq Khan. The Competition and Markets Authority (CMA) was responding to a government-commissioned review into taxi and PHV licensing after stakeholders suggested that current legislation was no longer fit for purpose. [...]
Uber-Deliveroo merger rumours spark investor fright as Just Eat shares tumble September 21, 2018 Shares in online food delivery service Just Eat tumbled as much as seven per cent in early morning trading, as news emerged that Uber is reportedly looking to buy rival competitor Deliveroo. Shares in the market leader Just Eat dropped to 647p, with other European food delivery firms Delivery Hero and Takeaway.com also being dragged [...]
Uber in early talks to buy food delivery competitor Deliveroo September 20, 2018 Ride hailing giant Uber is in early talks to buy food delivery competitor Deliveroo, according to reports. The acquisition would drive forward Uber's own food delivery service, which it operates through the Uber Eats app and launched in London in 2016. Read more: Ranked: The UK's most valuable brands, according to WPP The value of the deal is [...]
Uber Eats strike: Drivers protest over pay, blocking east London roads and leaving customers hungry September 20, 2018 Uber Eats drivers have abandoned their deliveries in the capital in a protest over pay. Couriers have gridlocked the roads around Aldgate East Station as they demand better pay from the food delivery service arm of Uber. Read more: Ranked: The UK's most valuable brands, according to WPP Uber Eats admitted it’s changing how drivers [...]
Ryanair boss to lead airline past 2019 but steers clear of five-year deal September 20, 2018 Ryanair's colourful chief executive Michael O'Leary has said he will stay on past 2019 but that he would prefer to sign a 12-month rolling contract instead of a five-year deal. O'Leary, who has led the airline since 1994, was speaking at the airline's AGM, which the media was originally banned from attending. He said he would prefer [...]
European migrant crisis: Uber and Save the Children partner for #UberGiving donations on-demand to help refugees September 8, 2015 Uber has partnered with charity Save the Children to allow people to provide donations on-demand, with the aim of helping refugees fleeing Syria and other displaced people. The startup, better known for providing rides through its app, is now using its ubiquity across European cities to help people make donations to charities across the continent. [...]