Monthly Archives: September 2015

Uber supporters hit out at ‘damaging’ London plans to restrict service

However, many of the proposals were interpreted as an attack on Uber, a service that connects drivers to passengers via a smartphone app, and is used by more than 1m people in London. Among the suggestions are a minimum five-minute […]

Bank’s gloomy note fails to depress the miners

Three consecutive trading sessions have seen the beleaguered miner Glencore swing from lows of 66.7p to intraday highs of 92.8p. On Monday a note by Investec, saying that Glencore’s equity value would “evaporate” if commodity prices remain at current levels […]

One thing is clear – Jeremy Corbyn has no understanding of the British people

As Damian McBride, Gordon Brown’s former spin doctor, rightly put it, albeit in a sympathetic context, “to understand Jeremy Corbyn, you need to understand Holloway”, his core territory. The Labour leader has spent the decades acting as a campaigner and […]

FTSE rally only “a window dressing” as index suffers worst quarter since 2011

The FTSE 100 rallied by 2.58pc on Wednesday, but it was too late, as the dismal quarterly performance could not be reversed. Britain’s biggest companies lost almost £118m in value in the past three months, during which the blue chip […]

What is Uber and why does TfL want to crack down on it?

What is Uber? Uber is a San Francisco-based technology company founded in 2009, which claims to be , but at its heart, it is a smartphone app that acts as a middleman between freelance drivers and passengers. When a user […]

Questor share tip: Hold Entertainment One as it goes big on Peppa Pig

Entertainment One248p -24pQuestor says HOLD Shares in eOne, formerly Entertainment One [LON:ETO], fell to a two-year low after the company announced a £200m rights issue to fund the purchase of a bigger stake in the Peppa Pig maker Astley Baker […]

RBS trader: bank fired me to disguise its own failings

A former trader fired by Royal Bank of Scotland has said the lender “dishonestly contrived” his dismissal to deflect attention from its own failings in the currency-rigging scandal. Ian Drysdale, who worked on the foreign exchange desk, is claiming unfair […]

Questor share tip: Insurance challenges leave Saga looking expensive

This appetite for sea-faring holidays has prompted an expansion of its fleet by investing in new vessels, with one to be delivered in 2019 and the option for a second ship two years later. Group trading profit in the first […]

Almost every economist agrees: Uber makes us better off

Specifically, the economists were asked whether they agreed that “letting car services such as Uber or Lyft compete with taxi firms on equal footing regarding genuine safety and insurance requirements, but without restrictions on prices or routes, raises consumer welfare”. […]

UK current account deficit narrows sharply, living standards pick up

LONDON Britain’s hefty current account deficit with the rest of the world narrowed much more sharply than expected after a surge in exports in the three months to June, but a slowing global economy may make this hard to sustain. […]