Moving markets: Five things shaping the FTSE 100 today February 15, 2024 Asian markets rose in line with Wall Street's momentum. Uber, Lyft, and Nvidia drove the S&P 500, while Bitcoin surpassed $52,079. Japan entered a recession, drawing attention to the UK Q4 GDP and U.S. retail sales.
Uber unveils £5.6bn share buyback after milestone first ever profit February 14, 2024 Uber has announced an inaugural $7bn (£5.6bn) share buyback programme after the ride-hailer reported its first ever annual operating profit last week.
Lyft soars (briefly) after accidentally misstating forward revenues by, err, 10 times February 14, 2024 Lyft's stock surged over 15% in extended trading as the ride-sharing company projected achieving positive free cash flow for the year. However, enthusiasm waned after Lyft disclosed an error in its press release, injecting drama.
Valentine’s Day derailed as strikes disrupt deliveries from Uber Eats, Deliveroo and Just Eat February 13, 2024 Valentine's Day plans are under threat as a barrage of strikes scheduled for Wednesday could disrupt doorstep deliveries.
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
Uber posts first annual net profit since IPO debut; equity analysts lift price target February 8, 2024 Uber posted its first annual net profit since going public, indicating improved user retention and successful strategic initiatives, prompting several equity analysts to raise the price target.
Domino’s Pizza launches Uber Eats trial in sales push January 9, 2024 Customers can now order Domino’s Pizza on Uber Eats, as part of a new trail between the fast food chain and the delivery service.
Deliveroo, Just Eat and Uber Eats urged to reform after reports of children working as riders November 14, 2023 Rules reportedly enable children to work as delivery riders, despite 18 being the minimum age, as “substitute” couriers aren't recognised.
Net Zero: Why scrapping a meat tax, bin rules and car sharing isn’t all it seems September 20, 2023 Prime Minister Rishi Sunak ditched several green policies today - but it looks like some of them never even existed in the first place.
Uber: EU rules will see us pull out of “hundreds” of European cities September 20, 2023 An Uber boss has issued a stark warning that Brussels' proposal to classify gig workers as de facto employees could slam the breaks on operations across the bloc.