Former minister for business and enterprise Matthew Hancock has admitted that, despite continued protests from London cabbies, he’s a fan of Uber – and it’s actually the capital’s taxi drivers that are to blame.
During a sharing economy conference, Tech City chair Eileen Burbidge delivered a keynote and said it’s foolhardy to simply say the next Facebook or Google will come from the UK, explaining that Britain has all of the ingredients for more than that – to lead digital innovation.
StreetHub, a UK-founded network for independent retailers, has secured a £1.7m investment from Octopus, Index and angel investors, which has allowed the business to embark on a rebrand under the new guise of Trouva.
The government-backed trade body Sharing Economy UK (SEUK) has struck a partnership with Balderton Capital to launch a pitch event, which will seek out British entrepreneurs disrupting the lucrative space filled with firm such as Airbnb and BlaBlaCar.
In what marks its second acquisition in under a month, London-based digital restaurant service Velocity has bought Canadian counterpart Tab Payments, which will provide access to more than 100 new eatery clients in Toronto and Montreal as the British firm embarks on conquering America.
Three former directors of City Link have been charged with criminal offences in relation to the collapse of the company last Christmas – which led to the loss of 3,000 jobs.
Pizza business Domino’s experienced a quarterly sales increase of 14.9 per cent in Q3 and it was the firm’s investment in digital and mobile support that helped to cook up a sum of £200m.
Clothing giant Marks & Spencer (M&S) is sounding the retreat on its international expansion plans in the wake of recent events in Eastern Europe and China.
Ahead of the Christmas commerce chaos that will begin soon, delivery business Yodel has is strengthening its operations for the peak period with 7,000 new seasonal part-time and full-time positions.
90min, a London-based football media platform, has scored a $15m Series D round to tackle New York and Germany. The round takes the company’s total investment to $39m following its 2011 launch.
