Uber eyes even more expansion as it announces partnership with Indonesia’s second biggest taxi firm December 19, 2016 Uber's showing no sign of slowing up in its expansion. The ride-hailing app company has announced a partnership with Indonesia's Express Transindo Utama, the country's second biggest taxi operator. The deal will give Uber access to some of Express's 11,000-strong fleet of taxis and 17,000 drivers. It should also help the firm meet regulations on [...]
Sadiq Khan unveils Brexit panel featuring Lord Mandelson and Santander chair to advise on getting “best deal” for London December 19, 2016 Sadiq Khan has recruited an assortment of business leaders, investors and academics in an effort to boost London's Brexit credentials. The mayor announced a new Brexit Expert Advisory panel to advise him on the risks, challenges and opportunities for the capital in the wake of June's vote to leave the European Union. Members include Sir George Iacobescu, [...]
Iran’s 100 jet deal with Airbus to be signed in days as A380s are dropped December 19, 2016 The deal is very nearly done. Iran has finalised an agreement with Airbus to acquire 100 jetliners, a senior official said today. It will be signed in the coming days, deputy roads and urban development minister Asghar Fakhrieh Kashan said. "We have finalised negotiations with Airbus and any day we will be able to sign the [...]
MP support for Heathrow expansion reaches new high (says poll commissioned by Heathrow) December 19, 2016 It might have some prominent opposition, from London mayor Sadiq Khan to Boris Johnson, but Heathrow wants to make clear its expansion has hefty backing too. The airport has just released a new poll of 130 MPs by ComRes, which recorded 74 per cent of MPs backing the third runway; a rise of seven percentage points [...]
Christmas strikes 2016: From Southern rail to British Airways, why’s everyone striking? December 19, 2016 A raft of Christmas strikes is set to unfold this week, with travel particularly affected. Around 3,000 staff at various Crown post offices are set to walk out today, Tuesday and Saturday, while members of the Rail, Maritime and Transport (RMT) union unleash their latest industrial action on Southern rail today and tomorrow, with an ongoing [...]
Video analytics firm Big Sofa announces Aim flotation after raising over £6m December 19, 2016 Video analytics firm Big Sofa begins trading today on London’s junior market, with an eye on US expansion. Big Sofa has raised around £6.1m by way of a placing of, and subscription for, new ordinary shares at 17 pence per share, valuing the business at £10m. It hopes the fundraising will boost expansion in the [...]
UK businesses now owe £1.8bn in late corporation tax – an increase of 15 per cent since 2015 December 19, 2016 More businesses are struggling to pay their tax bills, as the amount of overdue corporation tax owed to the taxman continues to rise. According to Funding Options, an online aggregator for small business finance, the total value of corporation tax payments in arrears has risen 15 per cent in the past year, from £1.59bn to [...]
Night czar Amy Lame: I want to make sure that everyone gets the kind of life at night they want – from raves to a good night’s sleep December 19, 2016 Amy Lame is impressively bright-eyed when she sits down with City A.M., considering she’s had a late one the night before at the DJ Mag awards. But then she is London’s new night czar. “I’m kind of used to it,” she tells City A.M. while finishing off a “very strong coffee”. “I’ve never had a nine [...]
The manufacturing industry had some of the biggest job losses across the UK economy last year December 19, 2016 The UK manufacturing industry recorded some of the biggest job losses last year, impacted by international competition and technological advances. According to accountancy group UHY Hacker Young, the industry had some of the biggest job losses of all sectors across the UK economy. Out of 69 sectors measured for job creation, manufacturing made up three of [...]
Surge in days lost to strike action in 2016 December 19, 2016 Talks aimed at averting strikes by British Airways cabin crew over Christmas will be held at conciliation service Acas today as figures obtained by City A.M. show that the number of days lost to industrial action in the first ten months of 2016 has already dwarfed last year’s total. According to the Office of National [...]
