Uber’s model was rife with flaws but the gig economy deserves saving November 15, 2021 It has been less than ten years since Uber started operating in London. In that short time, the ride-hailing service has transformed the way many urban dwellers think about their transportation needs and their expectations of connectivity. By the beginning of 2020, just before the pandemic, Londoners took it for granted that Uber—or Bolt Kapten [...]
Will the ‘Tesla of aviation’ convince critics net-zero flying is not just a fairytale? November 12, 2021 Firms like Aura aero have their doubters. UK environmental NGO the Aviation Environment Fund (AEF) thinks efforts to develop green aviation and zero-carbon technologies such as sustainable aviation fuels and hydrogen or electric aircraft will not help by themselves the industry reach its net-zero target. “Our politicians seem to be living in a fairytale world [...]
Uber fares to jump 10 per cent in London November 11, 2021 Uber will increase prices by 10 per cent for Londoners, in an effort to woo drivers back to the ride hailing platform, according to reports. The blanket rise marks the first time Uber has raised its prices in London since 2017, according to the Evening Standard, which first reported the news. Drivers were reportedly told [...]
Uber Eats adds pub grub to app including Toby Carvery and Miller & Carter November 11, 2021 Uber Eats has added pub giant Mitchells & Butlers to its app offering The partnership means 1,000 bars, restaurants and pubs – including Miller & Carter and Toby Carvery – will join the app by the end of the year. What’s more, to celebrate the addition, Uber Eats is offering free delivery on pub dishes from [...]
Klarna challenger Zilch becomes fastest-ever British unicorn November 10, 2021 London-based fintech Zilch has today closed a mammoth $110m Series C funding round and become the UK’s latest billion dollar company in record-breaking time. The round brings Zilch, whose product capitalises on the lucrative Buy Now Pay Later (BNPL) sector but in many ways resembles a credit card, to a $2bn valuation – four times [...]
Congratulations, Uber! App to celebrate one billion UK trips November 9, 2021 Uber is expected to celebrate its billionth UK trip later this year, almost 10 years after it first launched. To mark the milestone, the company has announced that both the billionth rider and the driver who takes the billionth trip will receive prizes. The customer will win free Uber trips for 10 years, while the [...]
Uber marks first-ever adjusted profit, swinging from last year’s $625m loss November 4, 2021 Ride hailing giant Uber has posted its first-ever adjusted profits in its last quarter, swinging from an eyewatering $625m loss just a year ago. The $8m profit marks a turning point from both its ride hailing and food delivery divisions. Consumers have begun travelling in greater numbers again, after a more than a year of [...]
UK households increasingly plug electric car charging points as key feature – CityAM : CityAM November 4, 2021 The number of UK homes listed for sale advertising an electric car charging point on the premises or in a nearby street has increased by 541 per cent compared to this time last year, according to Rightmove. The total number of properties for sale on the property service that include a mention of this feature [...]
Uber cuts deal with Tesla to supply London drivers with electric cars November 3, 2021 Uber has cut a deal with Tesla which will supply London drivers with electric vehicles (EVs) as the city pushes to slash emissions. The agreement, which comes into effect from today, will see drivers granted access to a £135m clean air fund to help buy or lease a Tesla car. The funds have been collected [...]
Top 10 most shorted UK stocks: Ailing Cineworld tops the list once more October 27, 2021 Cineworld, Metro Bank and Sainsbury’s are among the UK’s most shorted stocks, new analysis has revealed, as rising interest rates couple with a slower Covid recovery in some footfall-reliant sectors. The most-shorted company is Cineworld, which has had a rough ride during the pandemic after it was forced to close it 9,518 cinema screens during [...]