london

Uber appeals loss of license in London

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Published time: 13 Oct, 2017 13:44 Ride-hailing firm Uber has filed an appeal against the London transport regulator after losing its license to operate in the city. The papers were submitted to Westminster Magistrates’ Court, and the appeal should take place in December. During a City Hall question session, London mayor Sadiq Khan said it Read More

Groundhog Day in London as oil stock soars on North Sea reserves

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By Joe Easton and Ashita Chawla on 10/12/2017 LONDON (Bloomberg) — Shares of Independent Oil & Gas Plc rose as much as 100% on Thursday, the second dramatic increase for a North Sea explorer this week, after the London-based company announced a tenfold increase in its southern North Sea gas reserves. IOG said the portfolio holds Read More

UPDATE 1-Ready meals firm Bakkavor prepares $2 bln London listing

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LONDON (Reuters) – Ready meals supplier Bakkavor plans to list at least a quarter of its shares on the London Stock Exchange in early November, in a deal that sources say could value it at up to 1.5 billion pounds ($2 billion). The company, which counts Marks & Spencer (MKS.L), Waitrose and Tesco (TSCO.L) as Read More

UPDATE 1-Deutsche Boerse steps up clearing fight with London ahead of Brexit

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LONDON (Reuters) – Deutsche Boerse (DB1Gn.DE) has introduced a profit-sharing scheme on interest rate swaps at its clearing business, seeking to wrest trade from the London Stock Exchange (LSE.L) amid the uncertainty over Britain’s departure from the European Union. The German company’s Eurex Clearing business said on Monday it would launch a partnership program in Read More

Deutsche Boerse steps up clearing fight with London ahead of Brexit

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LONDON (Reuters) – Deutsche Boerse has introduced a profit-sharing scheme to wrest volumes from the London Stock Exchange as banks face uncertainty over cross-border markets ahead of Britain’s departure from the European Union. The German exchange’s clearing unit, Eurex Clearing, said it will launch a partnership program in November to attract more volume in clearing Read More

London mayor welcomes Uber boss' humility after licence loss

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LONDON (Reuters) – London Mayor Sadiq Khan welcomed the humility shown by Uber’s Chief Executive Dara Khosrowshahi who met with the city’s transport regulator this week in a bid to overturn a decision stripping the firm of its operating license. Transport for London (TfL) shocked Uber last month by deeming it unfit to run Read More

RPT-UPDATE 1-Acquisition vehicle J2 raises $1.25 bln in London listing

2 weeks ago DieselGasoil Comments Off on RPT-UPDATE 1-Acquisition vehicle J2 raises $1.25 bln in London listing
LONDON (Reuters) – J2 Acquisition, a British Virgin Islands investment vehicle set up by former executives of U.S. consumer products firm Jarden, has raised $1.25 billion in an initial public share offering in London, J2 said on Thursday. Set up by Jarden’s co-founder Martin Franklin along with other former Jarden executives Ian Ashken and James Read More

UPDATE 1-Acquisition vehicle J2 raises $1.25 bln in London listing

2 weeks ago DieselGasoil Comments Off on UPDATE 1-Acquisition vehicle J2 raises $1.25 bln in London listing
(Adds further details, background) LONDON, Oct 5 (Reuters) – J2 Acquisition, a British Virgin Islands investment vehicle set up by former executives of U.S. consumer products firm Jarden, has raised $1.25 billion in an initial public share offering in London, J2 said on Thursday. Set up by Jarden’s co-founder Martin Franklin along with other former Read More

Uber CEO tackles challenges with board battle, London regulator

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SAN FRANCISCO (Reuters) – Uber Technologies Inc Chief Executive Dara Khosrowshahi, little more than a month on the job, on Tuesday addresses two big challenges – London’s threat to ban the ride-hailing service and a board battle over the influence of co-founder Travis Kalanick and investment by Japan’s SoftBank. Khosrowshahi tweeted that he was “determined Read More

Uber promises to make things right in London after 'constructive' license meeting

3 weeks ago DieselGasoil Comments Off on Uber promises to make things right in London after 'constructive' license meeting
LONDON (Reuters) – Uber promised to make things right in London after its new global boss had a “constructive” meeting with the city’s transport regulator to try to hold on to the app’s operating license in one of its main foreign markets. Transport for London (TfL), which runs and regulates the British capital’s transport Read More