Thought leadership

Uber11

TROUBLED UBER LOSSES NARROW BUT THIRD SENIOR EXEC IN A WEEK QUITS

Uber’s head of finance, Gautam Gupta, is leaving the company, the third senior executive the ride hailing firm has lost this week. Uber said losses narrowed in the first three months of 2017 to $708m (£549m) from $991m in the previous quarter. The company does not report financial results publicly, but said it was “on […]

Ageing workforce

MERGER OF STANDARD LIFE AND ABERDEEN ASSET MANAGEMENT TO BE INVESTIGATED

The Competition and Markets Authority has opened an investigation into the planned £11bn merger of Standard Life and Aberdeen Asset Management. The regulator said it wanted to determine if the deal would result in a “substantial lessening of competition”. The two companies agreed the terms of the merger, which will create the UK’s biggest asset […]

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GDPR WILL HAVE GLOBAL IMPACT: AND ORGANISATIONS UNPREPARED SAYS GARTNER

The European General Data Protection Regulation (GDPR) will have a global impact when it goes into effect on 25th May, 2018, according to Gartner, Inc. Gartner predicts that by the end of 2018, more than 50 per cent of companies affected by the GDPR will not be in full compliance with its requirements. “The GDPR […]

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MPS CALL FOR END TO ‘BOGUS’ SELF EMPLOYMENT STATUS OF DRIVERS AND COURIERS FOR UBER AND DELIVEROO

Drivers and couriers for companies like Uber and Deliveroo need full worker rights and not “bogus” self-employment status, MPs have said. Self-employed status leaves workers vulnerable to “exploitation”, the Work and Pensions Committee concluded after an investigation into the issue. And chair Frank Field also criticised Uber’s recent move to introduce a sickness insurance scheme for drivers. […]