Uber fares could rocket 20 per cent as ride-hailing app foots VAT bill March 14, 2022 Uber could hike prices by as much as a fifth from tonight as the ride-hailing giant faces fresh VAT charges. It comes after the company was forced to implement changes following the High Court ruling last year, which said that Uber could not be viewed as an agent but must be regarded as a contractor. [...]
Uber joins London boroughs in £5m EV charger boost March 9, 2022 Hundreds of new electric-vehicle chargers are set to be installed across north and east London, following an agreement between Uber and three London boroughs.
Uber ups profit guidance as ride-hailing and food delivery continues to boom March 7, 2022 Shares in Uber have climbed nearly four per cent in premarket trading this morning, with the tech giant raising its first-quarter profitability guidance thanks to a record number of cab journeys and booming food delivery orders. Uber said in a filing that it now expects adjusted earnings before interest, taxes, depreciation and amortisation of $130m (£98m) to [...]
Uber shares jump after food delivery service reports profits for first time February 10, 2022 Uber shares last night jumped more than 6 per cent in post-market trading after its food delivery service, Uber Eats, reported its first profit ever. In the fourth quarter of 2021, Uber Eats reported a $25m EBITDA profit, while Uber’s revenue grew 83 per cent to $5.8bn, beating analysts’ forecast of $5.36bn. The group’s mobility [...]
Ride green: Uber Boat builds UK’s first hybrid high-speed passenger ferries January 20, 2022 Uber Boat by Thames Clippers has announced it is currently building the UK’s first hybrid high speed passenger ferries. Set to respectively launch in autumn 2022 and spring 2023, the ferries will operate solely on battery power when transporting commuters between Tower Pier and Battersea Power Station. “After the challenges of the last two years [...]
Gig workers on the verge of wider employee rights under EU plans December 9, 2021 The European Commission announced this morning draft rules to give workers at online platform companies such as Uber and Deliveroo better social rights, but which companies say could lead to job losses and more litigation in court.
High Court says ride-hailing gig models are unlawful December 6, 2021 The High Court Administrative Court has refused Uber’s application to declare its controversial gig-economy business model lawful in a ruling this morning
London Tube strike: Uber to charge 150 per cent more for rides today November 26, 2021 With London going through yet another tube strike on five of its main lines today, many will be left with no other option than to call a taxi to work to avoid delays. However, Uber users across London may face much higher charges today, likely to be around 150 per cent. A recent study from [...]
Uber expands to cannabis delivery in Canada November 22, 2021 Uber's delivery and takeout unit has partnered with cannabis retailer Tokyo Smoke to allow online cannabis orders through Uber Eats in Ontario, Canada, a company spokesperson told Reuters.
Uber begins crackdown on driver cancellations November 21, 2021 Uber is to start blocking drivers who repeatedly cancel on passengers amid growing frustration with the app.