UberEats drivers to protest against pay cuts after Deliveroo takes action on pay structure August 26, 2016 UberEats drivers are to protest today against cuts to their pay, just after staff at rival business Deliveroo took action over changes to their own pay structure. UberEats, Uber's fast food delivery service, was launched in a bid to challenge Deliveroo's newly established dominance of parts of the UK's takeaway market, with both firms offering to deliver food from restaurants that [...]
Three at 3: The three stories you need to read right now August 25, 2016 We’ve put together the best three stories of the day in bite-size form, to make your life that bit easier. Time for a coffee break? Check out our three at three. #NationalBurgerDay If you’ve had enough of eating mediocre burgers, don’t fret – here’s a list of London’s best. From dirty to honest and everything [...]
Pizza Express revenues up but struggles to keep same slice of the UK casual dining market August 25, 2016 Pizza Express posted robust revenue growth today but the casual dining group struggled to maintain its slice of the UK eating-out market. The figures Turnover grew by 14 per cent to £488m in the year ended 26 June, up from £423m in 2015. In the UK and Ireland like-for-like sales were down by 1.3 per [...]
Now you can book an Uber in advance as Scheduled Rides comes to London August 25, 2016 Uber is shaking up the way users can order a car, expanding upon the on-demand model which first made it a hit with a new feature for scheduling journeys ahead of time. People will now be able to book a car up to a month in advance of their journey, or just 15 minutes ahead. [...]
Learning the hard way: As the interest on student loans rises further, should parents help their children cut the cost of going to university? August 24, 2016 As school leavers jumped for joy at their A-Level results last week, parents may have had cause to grimace. Despite the government’s emphasis on apprenticeships, a university degree remains a passport to higher paid employment. Nevertheless, the costs of higher education have spiralled in recent years, and students are having to take on much larger student [...]
Merger Monday: Big deal developments spark hopes of M&A pick-up this autumn August 22, 2016 Global deals valued at nearly $65bn (£49.5bn) cleared a series of major hurdles yesterday, amid hopes of a renewed drive in worldwide mergers and acquisitions next month. US pharmaceutical company Pfizer agreed a $14bn deal for San Francisco-based Medivation, which specialises in cancer treatments. It came as a welcome boost to the pharma giant whose [...]
Uber’s former rival Didi launches car rental service August 22, 2016 Not satisfied with winning the ride-sharing wars with Uber after merging in China, Didi is now expanding into other car services. It's launching an online car rental service in the country to capitalise on the billions of domestic tourist trips made throughout the country, which is expected to grow to 5.8bn by 2020. Read more: Uber [...]
Deliveroo chief says employment laws are behind the times August 21, 2016 Deliveroo boss William Shu has said the UK's employment laws need updating, after the food delivery startup tried to temper an ongoing dispute with its riders over a new trial pay structure. Shu says he hasn't had contact with government yet over the issue – although it has issued a warning that the firm needs to [...]
Uber is gearing up to launch UberEats in 12 more cities across Europe August 21, 2016 Uber is planning an ambitious expansion of its food delivery service UberEats across Europe just two months after it first arrived in London. The billion-dollar startup is already eyeing its second city in the UK and plans to expand beyond its existing patch of central London. Meanwhile it's planning to launch in a further 12 cities in 10 [...]
“One swallow does not make a summer” – how analysts reacted to the ONS retail figures August 18, 2016 The pound has hit a two-week high against the dollar after retail sales figures received an unexpected Brexit boost. The retail industry has earned a "gold medal" for its performance in July, according to Ian Gilmartin, Barclays' head of retail, as retailers "gained a boost from brighter weather" – but analysts haven't been all positive; many have welcomed [...]