Lime ‘ready’ for IPO, says boss November 3, 2024 A Lime initial public offering (IPO) would come despite scrutiny over the sturdiness of the micromobility sector's finances.
A lack of loyalty eats into Deliveroo and Just Eat’s market share October 17, 2024 This morning’s Deliveroo results position it for long term growth reflecting the evolving demand for takeaways amid shifting consumer behaviour. A six per cent increase in Gross Transaction Value (GTV) in its Q3 update comes as competition and changing market conditions continue to create challenges across the industry, with rivals such as Just Eat Takeaway [...]
Deliveroo: UK consumers help group’s growth October 17, 2024 More Brits ordering takeout in the UK and Ireland helped Deliveroo post growth in its third quarter, as it maintained its full year guidance. The food delivery company booked gross transaction value (GTV) of £1.78bn, up six per cent year on year in constant currency, as orders jumped to 71.1m, up from 69.7m in the [...]
Uber Boat by Thames Clippers returns to profit October 10, 2024 The company behind Uber Boat by Thames Clippers in London, returned to profit in 2023, it has been revealed. Collins River Enterprises has reported a pre-tax profit of £5.4m for the 12 months, having made a pre-tax loss of £4m in 2022. It is the first time that the business has reported a pre-tax profit [...]
Why Uber chief thinks electric cars are ‘just plain better’ October 8, 2024 Electric vehicles (EVs) are “just plain better”, the chief executive of Uber has claimed, as the ride-hailing app giant detailed plans to doubling down on accelerating to be fully electric in the UK. Dara Khosrowshahi made the comments as he spoke at Uber’s annual green event at the Science Museum in London on Tuesday. The [...]
How I positioned my start-up at the forefront of London’s business travel scene October 7, 2024 Entrepreneur Bobby Drewett of business travel app Ouno on his plans to shake up the industry
Lime bikes not fit for purpose, says rival UK firm October 1, 2024 Lime has expanded rapidly in London in recent years and now runs the majority of the city's 30,000 rental bikes.
The best things to do in autumn 2024, from amazing new films to London theatre September 12, 2024 Autumn can be about taking stock; enjoying long walks on the Heath and cosying up on the sofa. But it’s also the season when some of the most exciting new cultural events launch, from theatre to exhibitions and festivals. With A-Listers hitting the West End, major art shows and a creepy festival of death, this [...]
Labour can’t resist flirting with economic populism September 4, 2024 Keir Starmer’s closest advisors spent last week briefing journalists that this government would be straight with people, and that it would reject the “fake populism” of the Tories which, they claim, raised people’s hopes before disappointing them. Labour figures said that the Prime Minister’s doom-laden introduction to the country was more responsible than attempting to [...]
Bolt: Uber rival doubles UK sales as it surges into the black September 2, 2024 The UK arm of online taxi firm Bolt more than doubled its turnover as it surged into the black, it has been revealed. The company has reported a turnover of £520m for 2023, according to newly-filed accounts with Companies House, up from £237.8m. It has also posted a pre-tax profit of £8.2m for the 12 [...]