Slug & Lettuce owner: Price of a pint will rise during peak hours September 12, 2023 The pub group that owns Slug & Lettuce has said it will increase the price of its drinks by 20p during its busiest trading hours due to rising costs. Stonegate Group, which also owns the Yates pub chain, said it would raise prices across 800 of its 4,800 sites to offset increasing costs including extra [...]
Uber’s driver numbers doubled since landmark court ruling — but will passengers be safe from fare hikes? September 12, 2023 More than 100,000 UK drivers are now earning on the app each week, an increase of 85 per cent since the change, Uber said.
Metro Bank founder launches fintech accelerator to get firms into ‘hyper-growth’ August 28, 2023 The founder and former chair of Metro Bank and Atom Bank has launched a business designed to support the next generation of fintech startups.
Individual climate action is rendered meaningless if the big polluters – like HGVs – roll on August 22, 2023 Like a ropey old pullover, pulling at the threads of Britain’s net zero efforts can sometimes do more damage. Take our roads, for instance. Over the past decade – in truth the past two or three years – even the country’s most committed petrolheads have come round to the idea of electric cars. Our black [...]
Keeping loss-making giants like WeWork flush with VC cash is killing competition August 14, 2023 WeWork hasn't had to turn a profit because an endless amount of venture capital cash has allowed them to challenge all other workspaces, writes Jordan Greenaway.
Lyft loses ground on Uber as cost cutting bid fails catch now profitable rival August 9, 2023 Lyft shares slip in the US after its aggressive cost-cutting strategy in a bid to steal market share from rival Uber failed to chime with investors. Shares in the US-listed platform closed around 10 per cent lower, after it noted a drop in total revenue per active user of 5 per cent to $47.51 (£37.21) [...]
The Notebook: Jimmy McLoughlin on Nick Hungerford’s legacy, the decline of City events and the PM’s chess move August 8, 2023 Where interesting people say interesting things. Today, it’s Jimmy McLoughlin, former No 10 advisor and now podcast host. Cause or correlation? Either way, a charity worth supporting Nick Hungerford, the well-liked and respected entrepreneur behind Nutmeg, passed away last month aged just 42. Before he died, he and his wife set up a charity – [...]
The Notebook: Victoria Scholar on Muskisms, Barbie and why there’s light at the end of the rate-rising tunnel August 3, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor Little relief from interest rates yet, but there is light at the end of the tunnel The Bank of England is forecast to raise interest rates for the 14th time in a row today, lifting [...]
Uber chased by HMRC for extra £386m VAT August 2, 2023 HMRC is pursuing Uber for £386m extra in VAT, after paying £615m to resolve a tax dispute last year. In its results statement yesterday, Uber said that “UK tax authorities had disputed the amount and manner in which we were applying VAT to our UK business,” since the restructuring of its business model last March. [...]
Uber makes operating profit for the first time in its history August 1, 2023 Uber reported an operating profit for the first time in its history in its second quarter results today.