Uber reports better-than-expected results as food delivery drives growth August 6, 2024 Uber reported stronger-than-expected second quarter results on expansion in its core business and increased orders for food and trips via membership subscribers. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at the NYSE-listed company grew by 71 per cent year-on-year to $1.6bn (£1.3bn) in the quarter ended June 30. Monthly active consumers of Uber [...]
Bolt drivers to be guaranteed national living wage while remaining self-employed August 1, 2024 Bolt has launched a scheme that will guarantee its drivers are paid the national living wage in the UK despite remaining self-employed.
Court of Appeal overturns VAT obligation to taxi fares in Uber case July 15, 2024 Court has overturned a landmark ruling that for all private hire journeys outside of London should be paying VAT, a ruling that will be seen as a win for the taxi industry
Uber faces £1bn VAT showdown with HMRC June 23, 2024 Despite achieving its first full-year profit in February, Uber swung to a net loss of $654m (£524m) in the first quarter of this year.
Lime willing to ‘take shortcuts’ to make money says rival e-bike boss June 5, 2024 The CEO of Voi has likened Lime's rapid expansion across London to Uber's controversial emergence in the UK capital after 2012.
Deliveroo, Just Eat Takeaway, Delivery Hero, and Doordash lose nearly £16bn over seven years May 29, 2024 Europe and the US's top online food delivery companies have lost over $20bn (£15.6bn) in operating losses over the past seven years.
Uber: U-turn for company as it reverses back to a loss May 8, 2024 Uber said it swung to the loss due to the revaluation of its equity investments and the costs of legal settlements related to its drivers.
Thousands of London black cabbies hit Uber with a £250m lawsuit May 2, 2024 A group legal action targeting ride-hailing provider Uber has been filed to the High Court on behalf of thousands of London black cab drivers
Domino’s delivers solid first quarter results and looks ahead to busy Euros May 1, 2024 Domino's Pizza has posted first quarter earnings in line with expectations, having recovered from a difficult start to the year in January.
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.