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Shares in US transport-technology company Uber are trading almost 2% higher pre-market on Friday. Uber has had a series of headlines over recent days which have helped create bullish sentiment. This in turn has supported Uber’s stock price over the week.
Uber Keeps London License
Firstly, Uber saw firm buying in response to news that the company had won its legal appeal to operate in London and has had its license renewed. The company had its license suspended in November 2019 by TfL due to a series of complaints regarding passenger safety.
This led to a 10 month legal process during which time Uber said that it was working on fixing any weaknesses and failings within its operating procedures.
Deputy Chief Magistrate Tan Ikram ruled this week that the firm had overcome its “historic failings” and approved TfL to grant the firm a new license.
New Upfront Pricing in UK
Following the news, Uber then announced that it will offer a new “upfront pricing” feature in the UK, establishing fixed...
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