As Walmart trial runs deliveries with Uber, Lyft and Deliv, here’s XXXX times big businesses got in on the sharing economy June 4, 2016 NULL
These are six ways banking is about to change, according to former Barclays boss Antony Jenkins June 2, 2016 Antony Jenkins thinks that banking is having an "Uber" moment, undergoing a transformation that will leave the sector looking entirely unrecognisable. Jenkins, who is currently chairman of Business in the Community and was previously group chief executive of Barclays, imparted his wisdom at an event hosted by the Institute of Chartered Accountants in England and Wales this evening, remarking "there [...]
Buses in “walking speed” congestion exacerbate London’s pollution problem June 2, 2016 London's pollution is exacerbated by London buses travelling at snail paces due to growing congestion, a new report has suggested. A report by Professor David Begg, a former chairman of the government's Commission for Integrated Transport, pointed to some routes "close to walking speed" that mean buses chug out more fumes. "Fuel efficiency measured in [...]
Before the bell: What you need to know before the US market open June 2, 2016 The European Central Bank (ECB) and the Organization of the Petroleum Exporting Countries (Opec) are both in Vienna today to decide on their respective policies and could add an extra kick of volatility to global markets. Here's what you need to know before the market open at 14:30 London time. US futures are struggling ahead of the opening bell. [...]
Saudi wealth fund invests $3.5bn in Uber June 1, 2016 Controversial taxi app Uber has raised $3.5bn (£2.43bn) from Saudi Arabia's sovereign wealth fund valuing the company at $62.5bn. The Saudi Arabian Public Investment Fund will now own approximately 5 per cent of Uber and the fund's managing director Yasir al-Rumayyan will join the company's board. Other board members include Benchmark Capital general partner Bill Gurley and Huffington Post co-founder Arianna Huffington. [...]
Porsche on-demand? VW boss reveals Gett plans June 1, 2016 Fancy ordering a Porsche to get home, instead of a plain old car or cab? Volkswagen's partnership with on-demand Uber rival Gett could very well make that a reality. VW boss Matthias Mueller has revealed more about the tie-up between the car maker and the tech company announced last week, and that could include making a high end [...]
Oil prices heading for longest run of monthly gains in five years May 31, 2016 Oil prices are on course for the longest run of monthly gains in five years, helped by supply outages across the world. Brent crude, the global benchmark, slumped 0.9 per cent to $49.33 per barrel today. West Texas Intermediate crude, the US benchmark, also fell 0.2 per cent to $49.4. Read more: These three perilous trends spell [...]
Volkswagen’s share price drops after it reports profits and sales to have tumbled in first quarter of 2016 May 31, 2016 Volkswagen today reported a fall in pre-tax profits and sales in the first quarter of what chief executive Matthias Müller said will "undoubtedly be a demanding" year. The company's share price fell more than 3.5 per cent on the news. The figures Volkswagen reported a profit before tax of €3.2bn in the first quarter, down [...]
Londoners can now get UberPool in more locations May 31, 2016 Uber is expanding its ride-sharing service UberPool in the capital outside of central London to cover zones one and two. The billion dollar startup which has had run ins with regulators and black cab drivers since it first launched in London in 2012 introduced UberPool late last year. The service offers cheaper fares to passengers than the standard [...]
No IPO for Snapchat yet with new funding instead May 26, 2016 Messaging app of the moment Snapchat is now worth even more than everyone thought after it disclosed more than a billion dollars of new investment. The five-year old startup which has previously revealed plans for an eventual IPO, is staying private for now, having raised $1.8bn (£1.2bn) in a series F round of funding official documents filed with SEC revealed [...]