Uber drops legal appeal against Transport for London’s English language driver tests after changes to exam February 19, 2018 Uber has dropped its opposition to Transport for London’s (TfL) plans to introduce English language tests for drivers after the regulator quietly announced it intends to make changes to the proposed exam. The ride-hailing startup has dropped an appeal in the long-running case in which the High Court last year ruled drivers would have to [...]
Where next for markets as Europe moves from recovery to expansion? February 16, 2018 Market volatility rose at the start of February against a backdrop of strong economic data, causing many investors to question whether the bull-run for the stock market was over. Can Europe’s economic momentum continue and how will tighter monetary policy affects investments? At the 2018 Schroders Investment Conference investment experts discussed the economic outlook for [...]
Transport for London to crackdown on Uber and private hire (PHV) licence with new rules February 15, 2018 London’s transport regulator has promised to get tough on Uber and other ride-hailing companies, admitting that current rules are failing to keep up with technological developments. New plans could include women-only car sharing options and forcing innovative companies to share their data, as well as granting permission to operate only for limited periods of time. [...]
Transport for London to crackdown on Uber and private hire licence with new rules February 15, 2018 London's transport regulator has promised to get tough on Uber and other ride-hailing companies, admitting that current rules are failing to keep up with technological developments. New plans could include women-only car sharing options and forcing innovative companies to share their data, as well as granting permission to operate only for limited periods of time. [...]
John McDonnell probably brings devilled eggs to dinner parties February 15, 2018 I wonder if John McDonnell arrives at dinner parties with devilled eggs? Or perhaps he’s partial to a prawn cocktail? Maybe a bottle of Blue Nun? I wonder only because of his plan to nationalise “core industries”. British cuisine and the British economy have, thankfully, evolved and adapted in the last thirty years. But given [...]
Transport for London fears wider travel changes impact on passenger numbers as it faces near £1bn deficit February 13, 2018 Transport for London (TfL) has raised concerns falling passenger numbers could be part of a wider change in travel, according to internal documents seen by City A.M.. The capital’s transport body, known as TfL, finds itself at the centre of a political storm after forecasting a near-£1bn deficit, as it deals with lower-than-expected fare revenues. [...]
Transport for London (TfL) faces near £1bn operational deficit as revenue raising efforts run into trouble February 12, 2018 Transport for London (TfL) faces a near £1bn operational deficit next year, as it looks to secure new revenue raising options amid a surprise dip in passenger numbers and the loss of government funding. The organisation said in its most recent business plan that it expects a £784m deficit this year, which will then hit [...]
Deliveroo IPO could be on menu with star tech startup said to be eyeing 2019 float February 11, 2018 An IPO could be on the menu for one of the UK's most high profile and fastest growing tech startups. Deliveroo has appointed PwC to evaluate is strategic options, the Sunday Times reports, with a float in either London or New York being considered for 2019. Founder Will Shu, formerly an investment banker, has previously [...]
Labour’s John McDonnell says nationalisation will “cost nothing” after Carillion, while Corbyn adds it is necessary to prevent a “climate catastrophe” February 10, 2018 Shadow chancellor John McDonnell has said the Labour party’s plan to bring services such as water, energy and rail under public ownership would be “cost free”. The collapse of Carillion showed that privatisation had failed, he told the audience at a conference in London on “alternative models of ownership”. McDonnell said taking key infrastructure assets [...]
Uber is responding to the Taylor review on the gig economy by launching its own advisory panel for drivers February 9, 2018 Uber has just unveiled its sop to the government after it (finally) responded to the Taylor review on the gig economy: easier ways for drivers to provide feedback. The ride hailing app said a new feedback programme, dubbed UberEngage, will give drivers “a voice in Uber”, allowing them to provide feedback on new products and [...]