Tag: Business

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Bet on a one-horse race when it comes to William Hill takeover | Nils Pratley

As a betting event, the fun at William Hill may be over before the takeover action has properly started. A one-horse race may be in prospect. That nag is Caesars Entertainment, which has indicated a £2.9bn, or 272p-a-share, offer and secured a “minded to recommend” nod from William Hill’s board. The other contender, US private…
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September 28, 2020 0

Uber granted London licence as court rules it ‘no longer poses a risk’

Uber has been granted a further 18-month licence in London after an appeal found it was a “fit and proper” company to run private hire car services. Westminster magistrates court ruled in favour of Uber almost a year after Transport for London (TfL) refused the ride-hailing firm a licence extension over safety concerns. The deputy…
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September 28, 2020 0

Monopoly power is running wild. We need tough competition laws to rein it in | Michelle Meagher

There are a million ways to shop online, but all clicks lead back to the same few companies. We can buy a chicken for £3, but just four supermarkets dominate the groceries sector. Taxi rides have never been more affordable, but drivers fend for themselves in the gig economy. Although we live in a world…
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September 28, 2020 0

Sorry, Uber. Anti-racism slogans are all very well – but how about paying a decent wage? | Arwa Mahdawi

We live in a golden age of brand activism: multinational corporations no longer want to simply flog you stuff, they want to lecture you about social justice at the same time. Take Uber, for example. The ride-sharing company, which conquered large swathes of the world by flouting regulations and classifying its drivers as contractors so…
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September 9, 2020 0

All hail the California court that put the brakes on Uber and co | John Naughton

Last Monday, the superior court of California handed down a landmark judgment that looks like taking the wind out of the sails of at least some parts of the “gig economy”. The case was brought by the attorney general of the state of California, together with the city attorneys of Los Angeles, San Diego and…
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August 22, 2020 0

California Uber and Lyft drivers brace for shutdown over worker classification

Uber and Lyft drivers are bracing for a shutdown in California, one of the rideshare companies’ largest markets. For drivers it is a bittersweet moment. One that couldn’t come at a worse time and yet holds the promise of a better future. The coronavirus pandemic has hit so-called gig economy workers hard and ramped up…
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August 19, 2020 0