Cake Box to open 20 new stores as Uber Eats and Deliveroo orders double sales October 4, 2021 Cake Box said this morning that its sales nearly almost doubled for the past six months amid a strong recovery in customer demand. The high street cream cake retailer said it was buoyed by its continued expansion, opening 20 new franchise sites over the six months to September, to bring it to a total of [...]
Uber pauses services in Brussels in ‘unprecedented’ strike – with its drivers September 30, 2021 Uber paused its services in Brussels this morning, in what the ride-hailing giant described as an “unprecedented” joint action with its drivers against the local government’s ban on using smartphones when driving. In a blog post to customers, Uber said its app and rides were temporarily suspended in protest against the Brussels government’s lack of [...]
Uber calls for ride-hailing rivals to offer cross-industry pension September 24, 2021 Seven months after a long-running legal battle between Uber and its UK drivers culminated in the Supreme Court ruling that its drivers are workers and not self-employed, Uber has from today begun rolling out its pension plan to its 70,000 people shuttlers. The ride-hailing app said its drivers would be auto-enrolled in a new scheme [...]
Shell forecourt stores join Uber Eats as popularity grows for speedy groceries September 23, 2021 Shell petrol station shops have partnered with Uber Eats, meaning consumers will have 24 hour access to grocery products. Some 340 forecourt stores are joining the delivery platform after the company left a partnership with Deliveroo. More than 250 of the stores are available for orders 24 hours a day. More than 750 products will [...]
Uber on track to hit profitability this quarter after decade-long journey September 21, 2021 Uber has said it is on course to post its first-ever profit – on an adjusted basis – in the current quarter, beating expectations as food delivery continues to surge and ride hailing recovers from pandemic lows. Shares in the company were up around 8 per cent in early trading today after the company projected [...]
Gig economy: Dutch court rules Uber drivers are employees not contractors September 13, 2021 In the latest victory for gig economy workers fighting for improved rights, a Dutch court has ruled that Uber drivers are employees rather than independent contractors. The decision entitles Uber drivers to greater workers’ rights, and in some cases makes them eligible for back pay. Amsterdam’s District Court ruled that drivers who work through the [...]
Uber Eats, DoorDash, Grubhub sue New York City over caps on fees they can charge restaurants September 10, 2021 A group of food delivery giants including Uber Eats, DoorDash and Grubhub have teamed together to sue the City of New York over legislation that would impose a permanent cap on the commissions they can charge restaurants. The companies filed a lawsuit in federal court in New York late last night, seeking an injunction that [...]
SoftBank-backed Indian Uber rival Ola tables plans for $1bn IPO August 31, 2021 Indian Uber rival Ola is reportedly sitting on plans to raise up to $1bn through an initial public offering (IPO), joining a long line of high-ranking floats in the country. Currently finalising banks to advise on the fund-raise, Softbank-backed Ola is in talks with Bank of America and JP Morgan, three people familiar with the [...]
Uber shares slide as SoftBank look to soften blow of Didi NYSE chaos July 29, 2021 Uber shares have fallen after reports that technology investment firm SoftBank is selling a third of its stake in the ride-hailing app. SoftBank is thought to be planning to offload up to 45 million shares, at an overall value of around $2bn. The Japanese investment group bet big on Didi ahead of its New York [...]
Uber rival Ola raises $500m in funding round ahead of IPO July 9, 2021 Uber rival Ola today said it has raised $500m (£362m) from private equity backers as it gears up for a stock market float. The Indian ride-hailing giant, which is backed by Softbank, said the cash injection had been secured from Temasek and Warburg Pincus in the company’s first funding round for two years. Ola did [...]
