Uber hikes prices in London by 10% as it tries to lure back drivers

Ride-hailing apps have been struggling to meet passenger demand in recent months and they're desperately trying to get sign up more drivers. The San Francisco-headquartered company said passenger demand has spiked almost 20% in the U.K. since the nation's lockdown ended. To meet the increased demand, Uber said it needs to hire 20,000 extra drivers […]

UK payrolls move closer to pre-pandemic level: ONS

The number of employees on British company payrolls rose by 182,000 in July from June, moving closer to their pre-pandemic level as the economy recovers from its coronavirus lockdowns, tax data showed on Tuesday. The Office for National Statistics said 28.9 million people were now on company payrolls, 201,000 shy of their level before the […]

JetBlue launches first London flight despite lingering pandemic

Fox Business Flash top headlines for August 11 Check out what’s clicking on FoxBusiness.com. JetBlue Airways Corp started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world's busiest and most lucrative international routes. Transatlantic travel […]

City of London ‘still fairly empty’ says L&G boss as Covid restrictions lift

Nigel Wilson says London firms may be struggling more than those in other cities to get staff to return Coronavirus – latest updates See all our coronavirus coverage Last modified on Wed 4 Aug 2021 15.08 EDT The boss of one of the UK’s largest insurance firms has suggested that employers in London’s financial district […]

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While the COVID-19 pandemic has been very difficult for so many people and businesses, Amazon has thrived by fulfilling a much-needed service: selling and quickly delivering every imaginable kind of product when brick-and-mortar shopping had significant limitations. And now, as vaccinations enable more and more people to cautiously return to in-person activities, the powerhouse retailer […]

Bankers talk of being sold out as London waits for its own Brexit deal with Brussels

The U.K. and the EU agreed to continue talks and co-operation on financial services on March 26. Despite this, bankers who have spoken to CNBC feel the industry has continually been neglected throughout Brexit talks. Financial services make up 7% of the U.K.'s total output, and 10% of government tax receipts, but the industry was not […]

Young investors are taking on large financial risks, UK watchdog warns

The U.K.'s FCA identified that there was a "new, younger, more diverse group of consumers getting involved in higher risk investments, potentially prompted in part by the accessibility offered by new investment apps."  The financial watchdog identified assets such as cryptocurrency, crowdfunding, foreign exchange and contracts for difference as higher-risk investments. The FCA's warning and […]

Moonpig shares jump 25% in first major London tech listing of the year

Shares in online card retailer Moonpig jumped 25% within minutes of pricing its initial public offering on the London Stock Exchange on Tuesday. The London-based company floated with a share price of £3.50 ($4.79) but the stock surged to £4.40 less than an hour after trading began. The listing price valued the company, which floated […]

London Landlords Pessimistic on Rent as U.K. Housing Loses Steam

London’s home letting agents are growing more pessimistic about the outlook for rental prices after the coronavirus pandemic fueled a flight from the capital. That’s the conclusion of a survey by the Royal Institution of Chartered Surveyors, which detected a broader slowdown in the U.K.’s housing market in December. London is the only part of […]