Ex-CEO of WH Smith handed £3.4m in final pay packet November 25, 2019 WH Smith’s former boss Stephen Clarke has collected a £3.42m golden goodbye from the high street giant after overseeing a steep rise in its share price. Clarke’s total pay climbed from £2.89m to £3.42m last year, rising 18.6 per cent after a rise in salary, bonus and long-term incentives (LTI). Read more: Intu sells retail [...]
Why did Uber lose its London licence and what happens now? November 25, 2019 Transport for London’s (TfL) decision to not renew Uber’s licence may come as a shock to its 3.5m users in the capital, but what does it actually mean in the short-term? TfL cited various reasons to effectively ban Uber from the capital, but can Uber appeal it and if so, what are its chances of [...]
What a cock-up: Porn retweeted by government account November 25, 2019 The usually-staid official twitter account for the government in Wales left its followers shocked this afternoon after posting a graphic pornography clip. Officials have apologised after explicit imagery was retweeted by the government account, before being quickly deleted. The mishap was caused by a cyber attack as opposed to an accidental slip of the hand, [...]
Election megapoll: Tories hold 13 point lead over Labour November 25, 2019 Boris Johnson is holding a 13 point lead over Jeremy Corbyn according to a new mega-poll, with both main parties making slight gains in the last week. The Conservative party’s rating stands at 43 per cent, a new PA Media survey has found. Read more: Corbyn to remain neutral in second Brexit referendum Meanwhile, Jeremy [...]
Uber shares slip after London licence loss November 25, 2019 Uber’s share price has slipped after falling close to a record-low in pre-market trading in response to the app’s loss of its London licence. Shares in the New York-listed company were down three per cent to $28.66 in pre-market trading, wiping almost $2bn off Uber’s market cap. However, shares trimmed losses to stand 1.4 per [...]
Uber ban: London business groups mourn ‘dark day’ November 25, 2019 Business groups have slammed the decision to not grant Uber a new operating licence in London, with one think tank calling it a “total disgrace”. Transport for London (TfL) announced this morning it had not renewed Uber’s licence, after a long-running battle over the company’s safety record. Read more: TfL bans Uber from London after [...]
TfL bans Uber from London after ‘pattern of failure’ leaves passengers at risk November 25, 2019 Transport for London (TfL) today effectively banned Uber from the capital, saying the company was not a “fit and proper” operator. TfL said safety breaches had “left passengers at risk” and that Uber did not have “a robust system for protecting passenger safety”. It added that a “pattern of failure” was behind its decision to [...]
Uber rivals sharpen their knives after ride-hailing app loses London licence November 25, 2019 Uber’s biggest London competitor has accused the company of having a “toxic corporate culture” and for being a habitual regulation dodger in the wake of the app losing its London operating licence. The announcement to ban the app came this morning in a sensational decision, which saw TfL find that Uber was “not fit and [...]
TfL ‘actively considering’ banning Uber from London November 25, 2019 Uber could be on the verge of a complete ban in the capital, with rumours swirling that Transport for London (TfL) may not renew its licence today. Uber’s operating licence runs out on Tuesday at midnight, after TfL only granted the ride-hailing app a two-month probationary extension in September. Read more: Uber ‘under pressure’ to [...]
Food for thought: How Tastecard is helping the restaurant sector November 25, 2019 The restaurant sector is in a crisis. A combination of rising rents, food prices and wage costs, plus a decline in consumer spending, is causing more businesses to close. Research published in September exposed the scale of the problem. According to accountancy firm UHY Hacker Young, the number of restaurants closing in the year to [...]