Uber sizes up to the City in financial services push October 28, 2019 Ride-hailing app Uber has taken a leaf out of the Square Mile’s book, and today revealed a move into financial services. The tech giant has set up a new division within the company called Uber Money, which will include a digital wallet and support for the firm’s debit and credit cards. The debit card is [...]
Goals Soccer Centres calls in Serious Fraud Office October 28, 2019 Five-a-side football company Goals Soccer Centres has called in the Serious Fraud Office to investigate a case of potential accounting fraud. The firm has passed files of evidence to the authorities in the last ten days after Goals was forced to delist from the London Stock Exchange, Sky News reported. Read more: Sports Direct says [...]
People’s Vote staff walk out over ‘boardroom coup’ October 28, 2019 Staff at People’s Vote headquarters have staged a mass walkout after two senior figures were sacked in a “boardroom coup”. Campaign director James McGrory and head of communications Tom Baldwin were asked to leave their positions by People’s Vote powerbroker and Open Britain chairman Roland Rudd last night. Read more: People’s Vote power struggle: Two [...]
Softbank ramps up investment in finance firm Greensill as it swoops on payday lending October 28, 2019 Softbank has injected a further $655m (£511m) into Greensill as the online finance firm announced a fresh acquisition that could kill off payday lenders. Greensill, which was set up by former Morgan Stanley banker Lex Grensill, has acquired Freeup, a London tech startup designed to offer employees early payment of their salaries. Read more: Softbank [...]
Number 10 could explore Lib Dem-inspired plan if Monday election motion fails October 27, 2019 A December general election became more likely this morning, after the government hinted it could use a similar plan to one mooted by the Lib Dems to enshrine an election in law, should its efforts to call a poll via conventional means fail tomorrow. The government will table a motion calling for a 12 December [...]
Addison Lee lenders ‘circle’ taxi giant as sale effort continues October 26, 2019 Addison Lee has insisted it expects “a successful conclusion” to the “ongoing” sale process despite reports that its lenders are preparing to take control of the London taxi company. A syndicate of a dozen banks led by ING have drafted in advisers from Alvarez & Marsal (A&M) to consider their options, according to Sky News, [...]
EU agrees to Brexit delay but ‘very unlikely’ to decide on extension before Tuesday October 26, 2019 EU leaders have agreed a Brexit delay, but will not make a decision on how long for until next week. They are debating whether to extend the deadline date until 31 January or November. The latter is thought to be preferred by French President Emmanual Macron. Read more: Said Javid admits 31 October Brexit deadline [...]
Essex lorry deaths: Police make two new arrests as Vietnamese woman feared to be among victims October 25, 2019 Police have arrested two more people in connection with the deaths of 39 people found in a lorry container at an industrial park in Essex, it emerged today. A 38-year-old man and a 38-year-old woman from Warrington were arrested in Cheshire. Both have been detained on suspicion to traffic people and on suspicion of 39 [...]
Tory donor acquires stake in former Virgin Money chief’s fintech startup Snoop October 25, 2019 A Conservative Party donor has acquired a stake in the technology business of former Virgin Money chief executive Dame Jayne-Anne Gadhia. Lord Brownlow’s investment vehicle, Havisham assets, has bought a £5m share in Snoop according to Sky News, alongside Salesforce Ventures, which Jayne-Anne recently joined as UK and Ireland chief. Read more: Self-driving startup Fiveai [...]
‘Series of failures’ caused Boeing’s 737 Max Lion Air crash October 25, 2019 A series of failures is to blame for the fatal crash of a Lion Air Boeing 737 Max jet last October, in a tragedy that killed 189 people, according to a official report. Indonesia’s National Transportation Safety Committee said mistakes by Boeing, Lion Air and pilots led to the plane crash. Read more: Design flaws [...]