Firms helping vulnerable during pandemic recognised in Dragon Awards April 30, 2021 An app which mobilised volunteers to shop for vulnerable people during the pandemic is among the winners in London’s top responsible business gongs. Described as an ‘Uber for volunteers’, onHand, which matches volunteers with projects in need of help, won the Lord Mayor’s Award for Innovation During COVID-19 in the Lord Mayor’s Dragon Awards. The [...]
Uber sees “green shoots” of recovery as recruitment spree gets into gear April 29, 2021 Uber are planning to hire an additional 20,000 drivers across the UK this year as the firm sees the first signs of an economic recovery. The firm’s Northern and Eastern Europe boss Jamie Heywood, who is based in London, told City A.M. that “green shoots” are “coming through exceptionally strongly” as lockdown restrictions loosen. Read [...]
Toyota pushes the pedal on self-driving tech with $550m Lyft deal April 27, 2021 Toyota is set to acquire Lyft’s self-driving technology unit for $550m, both companies confirmed today, as the Japanese firm pushes the pedal on its automation ambitions. The carmaker will pay $200m cash upfront, with the remaining $350m paid over five years, gaining access to the US ride-hailing firm’s more than 300 employees. The acquisition will [...]
Sunday Sitdown: ‘Skittish’ banks need to up their game, says CEO of Ezbob April 25, 2021 Following a nightmare year that was hugely disrupted by the pandemic and three subsequent lockdowns, the City is slowly switching into recovery mode as the economy starts to re-open and many sectors are coming back to life. To discuss the way back up, City A.M. sits down with Tomer Guriel, chief executive of Marble Arch-based [...]
Law firms are at risk of falling behind in the race for innovation April 23, 2021 “Move fast and break things” is one of the better known corporate mantras. The company which coined it – Facebook – has achieved incredible growth in living by it. It is not the only way for businesses and industries to grow. The legal services industry, worth $650bn globally, continues to grow at 4 to 6 [...]
AI-Powered Ubiquitous Investing April 22, 2021 Have you noticed that your bank statements are now a succession of Netflix, Uber, Spotify, Deliveroo, Apple and Amazon payments? All of them offer us all types of services at our fingertips. No more wasting time sourcing or waiting to access the best way to get an amazing selection of food, music, films, transport or [...]
FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
Commercial struggles offer open skies to private jet operators April 7, 2021 The global collapse of aviation over the past year has for the most part been one long unrelenting nosedive, with the occasional moment of levelling out as much-needed respite. As in most crises, however, there are both winners and losers, and though the big commercial airlines clearly fall into the latter category, an unlikely group [...]
Alts hog limelight ahead of Coinbase listing April 7, 2021 Bitcoin has now been trading sideways in that narrow corridor between $56k and $60k for over a week. Can it now use this level as a springboard?
Deliveroo strike: Riders take action over pay and working conditions April 7, 2021 Deliveroo riders across the UK are on strike today over their pay and working conditions, on the same day as the food delivery app’s first full day of trading on the London Stock Exchange. The industrial action, which has been organised by the couriers and logistics branch of the Independent Workers’ Union of Great Britain, [...]