Category Archive Syndicated

Addison Lee scrambles to find a buyer as competition from Uber pushes it off course

Up for sale and £5m in the red, the once profitable group is having a tough ride

In late 1976, the Sex Pistols were taking Britain by storm. Anarchy in the UK was blasting out of radios as punk rock swept across the nation.

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London’s first EV rapid charging hub opened by TfL and Engenie

London’s first rapid EV charging hub has been opened at Stratford International Station car park by Transport for London (TfL) and electric vehicle (EV) charging network Engenie.

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Uber reveals plans for flying taxi to bypass road traffic congestion

Uber has unveiled plans for a flying taxi at the Consumer Electronics Show in Las Vegas. The ride-sharing company on Tuesday showed off a full-size mock-up of the electric plane concept vehicle created with South Korean carmaker Hyundai, as it seeks to fly above traffic rather than add to it.

Uber wants to offer aerial ridesharing, allowing a pilot and three passengers to take city trips of up to 60 miles at a speed of up to 180mph. Resembling a winged helicopter and featuring four propellers, Uber and Hyundai joined forces to design a personal air vehicle, or PAV, which can take off and land vertically.

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Too big to fail? Tech’s decade of scale and impunity

Towards the end of the last decade, two American social networks – Facebook and MySpace – were locked in a battle to conquer the rest of the world.

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Uber: co-founder Travis Kalanick to resign from board of directors

Uber’s former CEO Travis Kalanick will resign from the board of directors of the US ride-share giant by the end of the year, the company said on Tuesday, effectively severing ties with the outfit he co-founded a decade ago.

Kalanick, who helped found Uber in 2009, stepped down from the company’s helm in June 2017 under pressure from investors, after a string of setbacks.

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Carlyle set to unveil takeover of Aim-listed wealth manager Harwood

The US private equity giant behind Addison Lee is expected to unveil a swoop on Aim-listed Harwood Wealth Management Group tomorrow amid ongoing consolidation across the financial planning sector.

Carlyle Group, which has held a majority stake in Addison Lee since 2013 and which also bankrolled Taylor Swift’s former record label, has reportedly struck a £100m deal for Harwood, a price in line with the company’s market capitalisation at the close on Friday.

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