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.
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.
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.
Happy fleet: could electric vehicles enhance the joy of driving?
For companies that rely on fleet vehicles, change is inevitable. A raft of green policies have introduced zero-emissions targets, along with financial incentives encouraging businesses to adopt cleaner cars and vans, such as no vehicle tax for electric company cars in 2020/21.
However, as well as helping the planet and improving a company’s bottom line, the “greening” of vehicle fleets by going fully electric could bring additional benefits. A recent widely reported study found that jumping behind the wheel of an electric car – rather than a traditional petrol or diesel – could also make drivers happier, calmer and less stressed too.
Pedal v petrol: can a London taxi-bike start-up take on Uber?
“We’re not going to fit through those traffic cones,” I declare, as my taxi hurtles towards a closed road. We make it through a small gap, just. I ask if the manoeuvre was legal. “It’s closed to traffic,” says my rider.
This is no ordinary taxi. I am riding in an electric-assisted bike taxi from Pedal Me. The London-based start-up is taking on Uber and claims to be faster, cleaner and more fun than its petrol competitors.
Two per cent taxi fares rise will take cost of average journey to £13.50
Taxi fares are set to rise next month despite a majority of passengers saying they are already too high.
Transport for London is expected to approve an increase of about two per cent that will take the cost of an average black cab journey to about £13.50. Read More
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Addison Lee scrambles to find a buyer as competition from Uber pushes it off courseJanuary 18, 2020- London’s first EV rapid charging hub opened by TfL and EngenieJanuary 8, 2020
Uber reveals plans for flying taxi to bypass road traffic congestionJanuary 7, 2020- Too big to fail? Tech’s decade of scale and impunityDecember 26, 2019
