Uber rivals handed major VAT boost by Supreme Court July 29, 2025 Rival taxi operators to Uber will not have to pay 20 per cent VAT on their profits outside London following a landmark Supreme Court ruling. The court has decided that private-hire operators do not enter into a contract with passengers and therefore are except from the tax. The ruling comes after US giant Uber brought [...]
Vertical Aerospace: Flying e-taxi firm makes history with cross-country flight May 27, 2025 A Bristol-based firm pioneering the development of flying electric taxis has made European aviation history after successfully piloting a flight across the UK countryside. Vertical Aerospace’s VX4 prototype performed its first “wingborne” flight last week, soaring over the Cotswolds before landing like a conventional aircraft at a nearby airport. It marks a significant milestone on [...]
Bolt: Uber rival appoints first UK boss May 8, 2025 Bolt, the Estonian ride-hailing platform, has appointed a new UK boss in a sign of its intention to double down on its second biggest market. Kimberly Hurd will join as the company’s first senior general manager for the UK, following stints in the fintech sector and at the Indian food delivery app Zomato. Top of [...]
The London taxi trade is dying, and it only has itself to blame April 17, 2025 A new report has predicted the demise of the iconic London taxi, and Uber isn't to blame, writes James Ford.
Addison Lee returned to profit ahead of £270m takeover February 28, 2025 London’s premium private hire cab service, Addison Lee, returned to the black in the year before being acquired by transport giant ComfortDelGro for almost £270m, it has been revealed. The business, which has a network of 7,500 drivers and 5,000 vehicles, achieved a pre-tax profit of £1.8m in the 12 months to 31 August, 2024. The [...]
Addison Lee: London’s private hire cab firm set for £269m takeover October 23, 2024 Singapore-listed transport giant ComfortDelGro has accelerated its global expansion strategy with a takeover of London’s premium private hire cab service, Addison Lee, for £269.1m. The deal, which will take place through its subsidiary Cityfleet Networks, is set to drive the growth of Comfortdelgro, boosting its taxi and private hire fleet to over 34,000 vehicles worldwide. [...]
Bolt: Uber rival doubles UK sales as it surges into the black September 2, 2024 The UK arm of online taxi firm Bolt more than doubled its turnover as it surged into the black, it has been revealed. The company has reported a turnover of £520m for 2023, according to newly-filed accounts with Companies House, up from £237.8m. It has also posted a pre-tax profit of £8.2m for the 12 [...]
Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]