Several fund managers have elected not to participate in Deliveroo Holdings plc’s (Deliveroo) impending initial public offering (IPO), with concerns over the company’s treatment of workers and the dual class share structure. The roster includes Legal and General Investment Management, which is the UK’s largest fund manager with £1.3tn of assets under management. Similarly, M&G, Aberdeen Standard Investments and Aviva Investors have told the Financial Times that they too will “shun” the listing (“Legal and General joins investors shunning Deliveroo IPO”, Financial Times, 25 March 2020).
Deliveroo is a popular online food delivery company founded in London. Customers use an app or website to order food from grocers, local restaurants or ‘ghost kitchens’ and the food is delivered by self-employed bicycle or motorcycle couriers. Revenue is generated by charging fees to both restaurants and customers.
Continue reading “Deliveroo IPO raises questions around worker rights and dual class share structures”
Once upon a time not that long ago, we generally took taxis for ground transport from one specific location to another within and around cities. At times, it was difficult to obtain a taxi when desired, or to avoid a wait, a taxi would need to be reserved quite a while in advance. But, then along came Uber as a ride-sharing game-changer with many positive advantages. However, Uber also has taken some recent hits, including losing its license to operate in London.
Uber is fantastic in many respects. By using an app on a smartphone, we can track the closest Uber driver, and in many urban areas an Uber car will come to us within just a couple minutes. No longer are we tied to taxis, or even the need to rent or own cars in Uber-friendly cities. Continue reading “The Rise of Uber Dealt a Current Blow in London”
The London 2012 Olympics games were successful, and indeed spectacular, on many levels.
Of course, there were incredible performances by phenomenal athletes, including veterans like Michael Phelps and Usain Bolt, as well as new breakout stars such as Missy Franklin and Gabby Douglas.
Great Britain also served up wonderful musical acts for entertainment purposes. Not only were we regaled by Paul McCartney, Annie Lennox, George Michael, and bits and pieces from Queen and Pink Floyd, but we also witnessed the reunion of the Spice Girls (oh my).
Continue reading “The London Olympics: A High-Tech Success”