Hints and tips:
...India’s biggest start-ups are turning thrifty amid a new reality in which capital has become hard to come by....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...But prices for used cars have slumped as car dealerships and other rental car companies rushed to sell their inventory....
...Business groups and think-tanks are making a mistake to cast Uber v London as a totemic fight to preserve capitalism....
...SoftBank founder predicts WeWork V for Victory Masayoshi Son admitted today he had turned a “blind eye” to governance lapses at WeWork but promised a “sharp V-shaped recovery” for the shared offices provider...
...WPP will also reduce is planned capex from £400m to v£300m....
...The marriage of technical and legal innovation at Uber in Québec has since been adopted by Airbnb, the vacation rental platform, and put forward by the province’s government as a preferred solution for companies...
...Hertz, whose car rental brands include Dollar and Thrifty, has seen increasing competition from the rise of car-booking apps like Uber and Juno....
...on the rental car canary in the coal mine — FT AlphavilleUber, the urban planner — FT Alphaville...
...Hertz and other car rental companies have seen rental car rates slip amid the rise of car-booking apps like Uber, Lyft and Juno, which also allow their customers to pool rides....
...Shares of Hertz — which operates rental brands including Dollar, Thrifty and its namesake Hertz — fell 8.5 per cent in after-hours trading on Monday following the results for the three months to the end...
...Rental car companies have struggled to right their businesses as rental care rates have slipped amid the rise of ride-hailing apps like Uber and Lyft, which also let their customers pool their rides....
...Hertz, whose brands include Dollar and Thrifty, saw its shares fall nearly 10 per cent to $21.59 after Morgan Stanley analyst Adam Jonas downgraded his recommendation on the US-based company from equal weight...
...Investors had also soured on Hertz shares following its poor integration of Dollar Thrifty, the car rental company it acquired nearly 5 years ago, moving its headquarters from New Jersey to Florida and losing...
...Shares of car-rental companies Hertz Global Holdings and Avis Budget Group stalled on Thursday, after an analyst at Morgan Stanley said his outlook on the car-rental business remains dim despite a short-term...
...The company, whose brands include Dollar and Thrifty, saw losses for the three months to the end of June widen to $158m, from the $43m loss recorded in the prior-year period....
...Related links: Shared mobility V.1, USSR edition – FT Alphaville Do the economics of self-driving taxis actually make sense? – FT Alphaville Who are Tesla’s competitors, really?...
...“The pitch was always that Amazon is a trade off between rising physical store rental costs and structurally declining technology costs,” he says....
...It’s time for another changing of the guard at Hertz Global Holdings, the parent company of the Hertz, Dollar and Thrifty rental car franchises....
...He blamed some of the issues on the continuing effects of Hertz’s acquisition in 2013 of Dollar Thrifty, the rival car rental company....
...Tuesday, Hertz said it was facing “operational challenges” including record recalls by car manufacturers, higher than expected operating costs, and delays in installing new systems to integrate Dollar Thrifty...
...Then there are the merger benefits from Dollar Thrifty, which have been delayed but were expected to help free cash flow grow by a third this year....
...On spotting John McCaw in the lobby of the George V hotel in Paris, Donald Pels cracked a smile....
...With the benefits of the Dollar Thrifty acquisition rolling in, the shares may be just hitting their stride....
...High-speed trading critics are abuzz this morning as an apparent mini-flash crash took place in shares of Dollar Thrifty Automotive Group....
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