Tag: UK news

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‘There is nothing that hasn’t gone up’: how rising costs are hitting UK businesses

Inflation has barely stirred for most of the 14 years since the start of the global financial crisis. Yet the coronavirus pandemic has disrupted almost every aspect of the global economy, and businesses are having to face up to what to many feels like an unusual phenomenon: rapidly rising prices. It has taken those who…
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November 17, 2021 0

Uber’s London woes show the need for a taxi app owned by drivers

For the second time in a few years, Uber is under threat in London. Transport for London has judged the firm to not be “fit and proper”. It’s likely Uber will make a few minor tweaks to win back the licence. But if TfL wants a truly fit and proper ride-hailing service in London, it…
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November 11, 2021 0

Uber loses licence to operate in London

Uber has lost its licence to operate private hire vehicles in London, after authorities discovered that more than 14,000 trips were taken with uninsured drivers. Transport for London announced the decision not to renew the global ride-hailing firm’s licence at the end of a two-month probationary extension granted in September.

November 10, 2021 0

Uber raises London prices by 10% in effort to lure back drivers

Uber is to increase its rates by 10% in London in an attempt to lure drivers back on to its platform, as cab companies across the UK struggle to meet booming demand. Customers using the ride-hailing app have faced longer waits and more cancellations from drivers cherry-picking jobs in recent weeks, as well as more…
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November 10, 2021 0

‘Extraordinary’: TfL criticised over Uber licence extension

Transport for London made Uber promise to verify drivers’ identities and ensure their documents are genuine in exchange for a temporary licence to operate, in a deal that drew an incredulous response from the trade body for black-cab drivers. The ride-hailing firm was granted a two-month extension to its licence in September after TfL refused…
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November 8, 2021 0

Uber granted two-month extension to London licence

Uber’s application to renew its private hire operating licence in London has been rebuffed again by regulators. Transport for London has instead given the ride-hailing firm only a two-month extension to its licence, which is due to expire on Wednesday night.

November 7, 2021 0

Floating or falling? Tech companies that made stock market debuts in 2019

Uber Uber’s shares fell on a humiliating first day of trading in May and have closed above the $45 price of the initial public offering (IPO) on only two days since. The ride-hailing firm reported a $5.2bn loss for the three months to the end of June. Its biggest quarterly loss was weighed down by…
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November 6, 2021 0

Uber contradicts own research with London congestion ad claim

An Uber advertising campaign in London has claimed that its car-pooling service reduces traffic, contradicting the findings of the US ride-hailing app company’s own research. A large billboard poster displayed in London this month said: “Uber Pool reduces traffic by moving more people in fewer cars”. It was displayed at a busy junction near two…
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November 4, 2021 0