Could tech stocks lose their shine in 2022? January 7, 2022 If you wanted to put money in the stock market over the past five years, then a sure-fire bet has been to invest in US tech stocks, which have significantly outperformed the wider markets. That divergence in performance has been particularly noticeable since the start of the pandemic, as the crisis spurred new ways of [...]
Advertising tech firm Smartly snaps up London-based Ad-Lib for $100m January 6, 2022 View Post Advertising technology giant Smartly has snapped up a London-based Google advertising firm as it looks to broaden its reach beyond social media. Ad-Lib, which provides Google-focused creative advertising services, was acquired by Helsinki-based Smartly for over $100m, the Wall Street Journal reported. Smartly’s technology previously focused on providing paid social media advertising services [...]
Sadiq Khan’s new congestion charge rules will undermine Transport for London December 21, 2021 Not long ago we were told that Londoners were going to have to pay £20 more in council tax a year for the next three years to bail out Transport for London. London’s transport system simply couldn’t function with the current budget it had, forcing the Mayor to take a seemingly painful decision to increase [...]
Just Eat enters grocery delivery market race with Asda deal December 17, 2021 Just Eat has waded into the escalating market battle over rapid grocery deliveries, unveiling a deal with supermarket chain Asda.
Gig workers on the verge of wider employee rights under EU plans December 9, 2021 The European Commission announced this morning draft rules to give workers at online platform companies such as Uber and Deliveroo better social rights, but which companies say could lead to job losses and more litigation in court.
Crypto chief executives testify on Capitol Hill as US mulls regulation December 8, 2021 The chief executives of the biggest firms in the crypto space including Coinbase, FTX and Bitfury have been called to testify before congress.
High Court says ride-hailing gig models are unlawful December 6, 2021 The High Court Administrative Court has refused Uber’s application to declare its controversial gig-economy business model lawful in a ruling this morning
Uber pulls out of Hong Kong after battling for portion of delivery market November 30, 2021 Uber is set to pull out of Hong Kong after its food delivery business failed to dig into a sizeable portion of the market. The delivery giant will exit the city state after five years at the end of December, declaring it a “difficult decision” in an online statement today. Uber will not leave the [...]
Peers back medical cannabis company Equinox ahead of London float November 26, 2021 Two peers will help a medical cannabis company cash in during its upcoming London float. Yesterday Equinox announce plans to list on AIM.
London Tube strike: Uber to charge 150 per cent more for rides today November 26, 2021 With London going through yet another tube strike on five of its main lines today, many will be left with no other option than to call a taxi to work to avoid delays. However, Uber users across London may face much higher charges today, likely to be around 150 per cent. A recent study from [...]