Stagecoach wants inquiry after rail bid document was leaked to rival April 20, 2019 Stagecoach has called for a review of the way rail franchises are awarded after it emerged that a rival had seen the details of its bid. The transport company claimed that the department for transport (DfT) failed to investigate the incident properly, although the DfT deny that any information rival Abellio saw would have influenced the bid. Read [...]
Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
Thomas Cook holds preliminary talks with suitors about potential takeover April 20, 2019 Thomas Cook has sparked the interest of a number of potential bidders as the company's lenders prepare to discuss its financial state. Several parties have made enquiries about taking over the company's tour operating business, or the entire company, according to Sky News. Read more: Uber's self-driving unit raises $1bn ahead of IPO Currently talks are at [...]
Uber’s self-driving unit raises $1bn ahead of IPO April 19, 2019 Uber’s self-driving unit has raised $1bn from a consortium of investors including Softbank Group ahead of the ride hailing app’s initial public offering. Uber said that the investment values its Advanced Technologies Group, which is working to develop autonomous vehicle technology, at $7.25bn. Read more: Uber IPO: Six things you need to know Softbank will invest [...]
Pinterest files for $12.7bn IPO: What it needs to do next April 18, 2019 Image curation site Pinterest will list in the US when the New York Stock Exchange opens later today at $19 per share. The unicorn’s share price, which had more than 250m active users and 2bn searches last year, is above the target range and a valuation that the website received in 2017. Read more: Get [...]
Morgan Stanley shares climb as results beat expectations despite ‘slow’ start to the year April 17, 2019 Morgan Stanley shares have climbed after the US bank posted better-than-expected results in its fixed income trading and wealth management divisions. The bank reported $2.43bn profit in the first quarter of the year, beating expectations despite falling from $2.67bn the previous year. Read more: Morgan Stanley trading revenue hit by sharper fall than peers Fixed [...]
Zoom and Pinterest test the IPO waters April 17, 2019 IPO season continues this week, but should you dip your toes in the water with the latest offerings on Wall Street? Zoom and Pinterest will price later on Wednesday and begin trading on Thursday. After Lyft’s travails of late, it will be an important test of investor confidence again, especially as it comes ahead of [...]
Subway launches first vegan sub after Greggs vegan sausage roll success April 17, 2019 Subway has jumped on board the vegan bandwagon after Greggs' vegan sausage roll proved a runaway success with everyone from flexitarians to – gasp – meat eaters. Read more: 25 weird items people left in their Uber rides The sandwich chain's new vegan sub lands in stores today priced from £3.80, alongside a vegan-friendly salad. [...]
Your IPO can dazzle the stock market with the right communications strategy and PR spin April 16, 2019 The initial public offering (IPO) market is revving into gear, with consumer technology stars including Uber, Airbnb, and other Silicon Valley heavyweights planning to go public this year. However, these offerings all come in the controversial wake of ride-hailing app Lyft, which raised more than $2.3bn (£1.76bn) in a seriously – 20 times – oversubscribed [...]
Lyft shares tumble after tough week of trading April 15, 2019 Ride-sharing company Lyft saw its share price fall to a fresh low today as Wall Street caution continued to loom large weeks on from the firm's initial float. Read more: Lyft's brutal debut set to push down Uber IPO price The group’s share price has plunged more than five per cent this afternoon, adding to a 20 [...]