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Related Special Reports
...Uber said that if it could secure “several hundred” cab drivers this time, it planned to launch the feature early in 2024....
...The targets CAB set at IPO were based around naira profitability returning to pre-2021 levels, a point management reiterated at maiden results in September....
...But with CAB shares closing yesterday at 60.80p, investors who didn’t sell out can hear only the whistling sound of wind passing through their ears as they tumble through the trapdoor....
...Shares in CAB tumbled 72 per cent to 60.8p, reducing the group’s market capitalisation to £155mn — down from the £851mn valuation it secured at its July flotation....
...“Deciding to list signifies . . . the confidence that we have in the UK as the home for innovative and growing global fintech businesses,” said Bhairav Trivedi, chief executive officer at CAB Payments....
...According to three or four cab drivers, I already had an Oscar. I’d get in a cab and they’d say, ‘I was dead chuffed about the Oscar, Bill.’” Similarly, three people have recently called him ‘Sir’....
...In 2021, a court in Amsterdam where Uber’s European headquarters is based found that a competitor app, Ola Cabs, had used an entirely automated system to make deductions from one driver’s earnings, a contravention...
...While Ola Cabs has been locked in a fierce battle with American rival Uber, Aggarwal said he was “very happy” with the business....
...Death CAB for London It has been a dismal year for the London IPO market. So when the fintech group CAB Payments raised about £300mn in a UK listing in July, it came as a rare bright spot....
...At market close, the stock price was about £3.03 per share....
...In some areas, businesses have apparently been told to use local financial firms at the expense of international rivals such as CAB....
...Yet she has Proust on her bedside table, an acute political consciousness and the ability to cite Goethe at the drop of a hat....
...“The positive spin is that you have to start somewhere,” said Roger Lee, head of UK equity strategy at Investec, referring to CAB’s planned offering....
...Under the proposed deal — which must be approved by a judge — these fees will be reduced by at least 0.04 percentage points for a minimum of three years and capped for five years....
...Instead, the companies agreed to reduce sellers’ swipe fees by at least 0.04 percentage points for a minimum of three years and to hold swipe fees at or below the rates posted at the end of last year for...
...Boeing chief executive Dave Calhoun is to step down at the end of this year, as part of personnel changes at the US aircraft manufacturer, which is battling with the fallout from an incident in which a plane...
...Aspell, whose son works at an airline, can fly for free on that carrier....
...This is so simply because the executive in the UK or France can generally count on parliamentary majorities to pass legislation proposed by prime ministers and their cabinet bureaucracies...
...services for businesses sending money to emerging markets, offered its shares at £3.35....
...“We are a British company — for us it was a very natural thing to look at the UK as the listing location.”...
...The quant team at Citigroup has a take on the trope. It asks: What happens if an investor adds bitcoin to their 60/40 portfolio?...
...It added that it was looking at services including Google Shopping and Google Flights over whether the company was giving preference to these in its search results....
...My cab driver said they’d reclassified it as a “quarter” so they could charge Carnaby Street rents in the less glamorous Soho side roads. Not, by any means, the most paranoid theory he expressed....
...The resilience of the Dollar Tree chain allowed the company to trade at a premium to Dollar General throughout much of 2023....
...At a high level, there isn’t a dead-obvious rates story here: Various explanations have been mooted....
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