Exclusive: Uber’s UK boss ‘optimistic’ it will win back London licence July 16, 2020 Uber’s UK boss is “optimistic” that the firm will win back its licence in the capital when courts decide in September. Transport for London (TfL) banned the ride-hailing app in London at the end of last year. It said Uber had unlicensed operators upload photos on other people’s accounts, leading to at least 14,000 trips [...]
Biffa eyes ‘steady recovery’ as revenues start to come back July 16, 2020 Waste management firm Biffa said it was seeing a “steady recovery” in demand for its services, with revenues last month recovering to 83 per cent of pre-coronavirus levels. In a trading update, the FTSE 250 firm said that its business had performed “slightly” better than expected over the last three months. However, it warned that [...]
Anglo American sticks to guidance as output falls a fifth July 16, 2020 Mining giant Anglo American announced that total production in the second quarter had fallen 18 per cent as a result of the coronavirus pandemic. Despite the drop, the firm said that it would maintain its full year guidance for all of its commodities except for coal. In a statement, the FTSE 100 firm said that [...]
SSE sticks to low-carbon plan despite £250m coronavirus hit July 16, 2020 Energy firm SSE today said that it expected to take a £150m to £250m profit hit from the coronavirus crisis, which has sent power demand tumbling. Despite the hit, the FTSE 100 firm said it was continuing with its £7.5bn programme of investments in low-carbon energy sources. It added that it would continue to pay [...]
Kapten and Free Now launch joint service in bid to topple Uber July 16, 2020 Black cab app Free Now and Kapten have today launched their newly combined service in a bid to topple Uber as the country’s biggest ride-hailing company. The new service, which will be available through a new app under the Free Now brand, will give users access to 35,000 drivers in London alone. It is the [...]
Vauxhall to restart Ellesmere Port production on 17 August July 15, 2020 Vauxhall has this afternoon announced that production will restart at its plant at Ellesmere Port in Cheshire on 17 August. Due to the coronavirus pandemic, the PSA-owned firm shuttered the facility, where it builds the Astra model, on 17 March. The announcement came despite reports that the plant would not open again until September at [...]
Opec set to ease production cuts as lockdowns lift July 15, 2020 Oil cartel Opec is set to ease production cuts less than previously expected, it emerged today, in a bid to continue supporting the slowly recovering global economy. Since May, the wider alliance of Opec members and key players such as Russia have been cutting oil output by 9.7m barrels per day, nearly a tenth of [...]
Donald Trump hails vaccine progress after positive trial results July 15, 2020 A number of promising developments related to coronavirus vaccine developments announced today have met with the approval of US president Donald Trump. Using his favoured platform Twitter, Trump wrote: “Great News on Vaccines!” It is unclear exactly what the president was referring to, but the tweet followed the news that drug firm Moderna’s experimental vaccine [...]
Storage firm Big Yellow sees revenue creep up despite lockdown July 15, 2020 Self storage firm Big Yellow said that revenues crept up 2.3 per cent in the first quarter despite a fall in demand due to the coronavirus pandemic. Revenue increased to £31.8m in the three months ending in June, up from £31.1m in the same period last year. Shares in the FTSE 250 firm rose one [...]
Carr’s reinstates dividend as farming firm avoids coronavirus damage July 15, 2020 Agriculture firm Carr’s Group today confirmed that it would pay shareholders a single combined dividend in October, saying the coronavirus pandemic had had “no material financial impact” on business. In an update, the London-listed company said that trading remained in line with expectations for the whole year. In April, the company, which makes agricultural equipment [...]
