London cabbies need to give up an antiquated system holding our economy back May 9, 2022 Have you tried to get an Uber in central London recently, and, upon seeing the price just thought “may as well get a black cab”? At least that way, you skip the hassle of trying to find your designated Toyota Prius and can simply hail a driver from the street. But the cost and expense [...]
Safe for now: Uber weathers labour and cost of living crunch but faces a rocky road ahead May 4, 2022 Uber seems to weather the wrath of labour and cost of living uncertainties, with quarterly revenue shooting up 136 per cent to $6.9bn.
Boardroom Diversity supported by eToro May 3, 2022 eToro, the social investing network, has launched a new FemaleLeadership Smart Portfolio which features US publicly quoted companies with diversity at boardroom level, especially featuring women in positions of board members. eToro’s Deputy CEO and Global Chief Operating Officer (COO), Dr. Hedva Ber, says: “Female leadership and boardroom diversity have proven advantages, not just for [...]
M&C Saatchi reinstates dividend after swinging back to profitability April 29, 2022 Advertising agency M&C Saatchi today said it had returned to profitability after pretax profits of £21.6m for 2021, compared to an £8.5m loss in 2020. The communications agency spun out of Saatchi & Saatchi in 1995 said it plans to reinstate its dividend 2022, after failing to pay it last year. The firm claimed its [...]
M&C Saatchi extends ‘put up or shut up’ deadline once again for Murria takeover April 28, 2022 M&C Saatchi extended its “Put Up or Shut Up” deadline once again this morning for the AdvancedAdvT’s takeover bid, pushing the investment vehicle to either make a stronger offer, or walk away. It said that the current proposal undervalues the firm, and therefore wouldn’t be recommended to its shareholders. “While the company continues to facilitate [...]
1 Minute Market Rundown – 25th April 2022 April 25, 2022 Risk Firmly on the BackfootCrypto LowerSterling and Euro Looking More and More Vulnerable Risk remains heavy across the board as fears over covid in China weigh on markets compounded fears sparked by faster and more aggressive FED tightening. We are also seeing commodities come under pressure sparked by the China fears as well as yields [...]
London boost for Lime as Uber includes e-scooters offering April 22, 2022 Lime e-scooters are available to hire via the Uber app, the two companies announced today. The e-scooter offering – available for Londoners and those living in Milton Keynes – follows that of e-bikes, which already already available on the app. Prices will start at £1 to unlock, charing between 15p and 19p per minute to [...]
Union threatens to sue over Uber’s failure to offer ‘sharia compliant’ pension plan for Muslim majority workforce April 20, 2022 The gig economy workers’ union has threatened to take Uber to court over its failure to offer a “sharia compliant” pension plan for its Muslim majority workforce. The App Drivers & Couriers Union (ADCU) has threatened to sue Uber for failing to provide a pension offering that complies with the tenets of Islamic beliefs, after [...]
Driving seat: Uber picks up former British Airways exec as UK lead April 19, 2022 A former Aviva and British Airways executive has been selected to take a role in the driving seat of Uber's UK division.
Deliveroo bosses face prison sentences following worker status abuse April 19, 2022 Two former Deliveroo bosses were handed suspended one-year prison sentences by a French court this morning after abusing the freelance status of riders working for the takeaway delivery firm. They were also fined €30,000, with the company receiving the maximum penalty of €375,000. A Deliveroo spokesperson said that whilst it “categorically rejects this judgement”, they [...]