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Is Uber Set to Buy Out This Popular App?

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Is Uber Set to Buy Out This Popular App? by Adam Yardley -

Uber, the taxi-hailing app which has grown in popularity with smartphone users over the years, has had something of a mixed 18 months or so. The firm had recently been hit not only with claims of a controversial workplace culture, but allegations of poor standards when it came to vetting drivers for their service. The fallout saw the installation of a new CEO, and a number of court cases open and close across the world. Italy still isn’t in favor of the app at all – while the firm has provisionally won an appeal against London transport executives who originally banned the app outright.

Now, it seems, Uber is on a mission to remain on the straight and narrow, and even to start expanding. Before the flurry of controversy that led the name to the headlines in recent history, the company was trialling various different types of delivery service – their UberEATS service has been growing for some time, too, where users can request that Uber drivers deliver fast food and restaurant cuisine to their doors. Recently, it’s emerged that there are discussions taking place with regard to Uber taking over popular delivery service Deliveroo, at least according to Bloomberg and their sources.

Uber Said to Be in Talks to Buy Europe's Deliveroo
⏯️ Uber Said to Be in Talks to Buy Europe's Deliveroo

At the time of writing, neither Uber nor Deliveroo have been obliged to offer a statement confirming nor denying the news, though if reports are to be believed, it may be a multi-billion dollar acquisition which will effectively swallow Deliveroo into the Uber brand. For territories such as the UK, the news has led to a dip in market value for local delivery branding – particularly Just Eat, which is seen as a huge market leader in home food delivery in Britain, assuming up to a third in share.

Uber could buy Deliveroo food courier service
⏯️ Uber could buy Deliveroo food courier service

Analysts and experts feel that an Uber-Deliveroo hybrid could be enough to allow them to dominate food delivery as a whole. Edison Investment Research’s Paul Hickman, quoted by the BBC, feels that the crucial difference between an Uber-Deliveroo model and Just Eat’s current setup could make all the difference. “Uber has a comprehensive app-driven distribution system and an international reputation, while Deliveroo’s business model encompasses ownership of the delivery function, unlike Just Eat which relies on restaurants’’ own delivery drivers.”

Is there any truth to claims regarding an acquisition? Who’s to say – but it could make all the difference for home delivery in the very near future.

Reported by One News Page Staff 2 hours ago.

Justin Bieber and new fiancé Hailey Baldwin watch couple's wedding

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Justin Bieber and new fiancé Hailey Baldwin watch couple's wedding Rebecca Reed-Sperrin 32, and Stefan Johansen, 31, from Richmond, South West London, were stunned to see recently-engaged Justin Bieber and Hailey Baldwin watching the nuptials in Italy. Reported by MailOnline 2 hours ago.

European Shares Inch Higher Ahead Of Fed Rate Decision

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European stocks were flat to slightly higher on Tuesday amid reports of a compromise on Italy's budget among the government coalition members. Reported by RTTNews 2 hours ago.

Fin24.com | Bain says it has set aside R164 million to pay back to SARS

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The Nugent Commission of Inquiry also heard that Vittorio Massone - the managing partner of Bain’s local office who was set to continue testimony on Tuesday - was ill and had left the country for Italy. Reported by News24 2 hours ago.

Touch of Italy imports New York chef's famed pizza

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New restaurant features culinary consultant Ciro Verdi, a chef/restaurateur whose pizza has been highly praised by celebrity chef Bobby Flay.

 
 
 
 
 
 
 
  Reported by Delawareonline 1 hour ago.

Newron Pharmaceuticals to Present at the 2018 Cantor Global Healthcare Conference in New York

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Newron Pharmaceuticals to Present at the 2018 Cantor Global Healthcare Conference in New York MILAN, Italy & MORRISTOWN, N.J.--(BUSINESS WIRE)--$NWRN--Newron Pharmaceuticals S.p.A. (SIX: NWRN) will present at the 2018 Cantor Global Healthcare Conference in New York on October 3 at 3:25 PM. Reported by Business Wire 2 hours ago.

Italy August Non-EU Trade Surplus Decreases

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Italy's trade surplus with countries outside the European Union decreased in August from a year ago, preliminary data from the statistical office ISTAT showed Tuesday. The non-EU merchandise trade surplus fell to EUR 1.749 billion from EUR 2.527 billion in the same month last year. Exports rose 4.5 percent and imports grew 12.4 percent. Reported by RTTNews 1 hour ago.

Westlake Chemical Announces Offer to Acquire NAKAN PVC Compounding Solutions Business

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Westlake Chemical Announces Offer to Acquire NAKAN PVC Compounding Solutions Business HOUSTON--(BUSINESS WIRE)--Westlake Chemical Corporation (NYSE: WLK) announced today that it has issued an exclusive, binding offer to acquire NAKAN, a global compounding solutions business, from Los Angeles-based private equity firm, OpenGate Capital. NAKAN, headquartered in Reims, France, has eight production facilities, located in China, France, Germany, Italy, Japan, Mexico, Spain and Vietnam, as well as a world-class research facility in France and application laboratory in the United State Reported by Business Wire 1 hour ago.

Touch of Italy comes to New Castle County

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New eatery from Sussex County based chain opens daily for lunch and dinner at Concord Pike location in Brandywine Hundred.

 
 
 
 
 
 
 
  Reported by Delawareonline 21 minutes ago.

Giuseppe Rossi faces one-year ban for doping case in Italy

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ROME (AP) — Former Italy forward Giuseppe Rossi's injury-plagued career has taken another negative turn with a positive doping test.Italy's anti-doping agency Nado Italia announced on Tuesday that Rossi will stand trial next week... Reported by New Zealand Herald 25 minutes ago.

Michael Kors Buys Italy's Versace Fashion House For $2.12 Billion

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Michael Kors says it wants to get Versace products in more stores — from around 200 now to a goal of 300. It will also focus more on accessories and shoes. Reported by NPR 4 minutes ago.

Belgian media say queen mother has stroke

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BRUSSELS (AP) — Belgian state media say that the country's queen mother, Queen Paola, has suffered a stroke during a trip to Venice, Italy.Broadcaster RTBF said Wednesday that the 81-year-old Italian-born mother of King Philippe... Reported by New Zealand Herald 4 hours ago.

Priyanka Chopra hanging out with Janhvi Kapoor and Khushi in Italy is BFF Goals

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In Italy to attend Esha Ambani’s engagement, Priyanka Chopra had a fun time with sisters Janhvi and Khushi Kapoor. See photo. …read more Source:: NEWS 18       

The post Priyanka Chopra hanging out with Janhvi Kapoor and Khushi in Italy is BFF Goals appeared first on Bollywood latest news. Reported by Filmy Friday 4 hours ago.

European Large & Midcap Conference 2018: Vimi Fasteners meets the financial community in Paris

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VIMI Fasteners S.p.A.

26-Sep-2018 / 10:05 GMT/BST
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NOT FOR DISTRIBUTION OR PUBLICATION, IN FULL OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION WHERE THE DISCLOSURE OF THE PRESENT PRESS RELEASE IS NOT ALLOWED.*PRESS RELEASE**European Large & Midcap Conference 2018: Vimi Fasteners meets the financial community in Paris*Novellara, 24^th September 2018

VIMI Fasteners S.p.A. ("*Vimi Fasteners*" or the "*Company*"), a company active in the sector of high precision mechanics, announces that is going to take part in the European Large & Midcap Event Paris 2018, an event organized by CF&B Communication to introduce small and medium-sized listed companies to the financial community. The event is going to be in Paris, on Tuesday 9th October 2018, at the Hotel Le Westin, in rue de Castiglione 3, Paris.

*Vimi*** F*asteners S.p.A. *

Vimi Fasteners, based in Novellara (RE), operates in the field of high-precision mechanics and is a leader in the design and production of highly engineered fasteners for the automotive, industrial, oil & gas, and aerospace sectors. The Group operates in partnership with its customers (OEMs, Tier 1 suppliers, and distributors) and develops customised solutions, which it exports throughout the world, using special steels, superalloys, and cutting-edge technologies in the integrated production of its products.

www.vimifasteners.com

ISIN Code*: IT0004717200*

Please note that the Company elected the Italian language for all the documents made available to the shareholders and for any other information to be provided pursuant to the AIM Issuers Regulation. Therefore, the above is only a courtesy translation and in case of differences between the English and the Italian text, the Italian text shall prevail.
 

*For more information:*

*Investor Relations Contacts*
Fabio Storchi | fabio.storchi@vimifasteners.com

*Communication and External Relations*
Valeria Braglia | ir@vimifasteners.com | +39 335 6552491

*Nominated Adviser Contacts*
BPER Banca S.p.A. | vimi@bper.it| +39 059 2021140

* * * * *

The present press release does not constitute an offer to the public of financial products in Italy in accordance with Article 1, Paragraph 1, Letter t), of Legislative Decree no. 58 of 24 February 1998. The present press release (including the information contained therein) does not constitute or is part of an offer to the public of financial products or a solicitation of offers for the purchase of financial products and no offer for the sale of such products shall be made in any jurisdiction in which said offer or sale is contrary to the applicable law. The present press release does not constitute an offer for the sale of financial products in the United States of America, in Australia, Canada and Japan and any other jurisdiction in which such offer or sale are prohibited and may not be published or distributed, directly or indirectly, in these jurisdictions. The financial products mentioned herein have not and will not be registered in accordance with the United States Securities Act of 1933, as amended; these products may not be offered or sold in the United States of America in the absence of registration or of an exemption to the application of the registration obligations. The documentation about the offer has not been/will not be subjected to the approval of CONSOB and of Borsa Italiana S.p.A.
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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End of Announcement - EQS News Service Reported by EQS Group 4 hours ago.

Italian FinMin Tria: First objective of budget is to prevent tax burden from rising

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Italy's Finance Minister Giovanni Tria is on the wires now, via Reuters, speaking about the nation’s economic growth and the budget.

*Key Points:*

Economic growth requires stability.

Growth-friendly policies can be gradually implemented.

The first objective of the budget is to prevent tax burden from rising.

Also to avoid VAT and excise duties increases.

Discussed with the EU on how to reduce the tax burden. Reported by FXstreet.com 4 hours ago.

Priyanka Chopra hangs out with Janhvi, Khushi Kapoor; Ranveer Singh meets PV Sindhu: Social Media Stalkers' Guide

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Social Media Stalkers' Guide: Priyanka Chopra, Janhvi and Khushi Kapoor chill in Italy while Ranveer Singh has a fan moment with PV Sindhu. Reported by Firstpost 4 hours ago.

Wildfires cause evacuations in Croatia and Italy

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Huge fires take hold in southern Europe forcing more than 700 people from their homes. Reported by Al Jazeera 4 hours ago.

SC verdict on Aadhaar victory of people: Mamata Banerjee

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​"We welcome the verdict by the Supreme Court. It is a victory of the people of this country and we are very happy," Banerjee said in Milan, Italy, where is on an official tour. "Days of the BJP government are over in the country," the chief minister added. Reported by IndiaTimes 4 hours ago.

William Troost-Ekong has perfect classroom in Serie A

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William Troost-Ekong has perfect classroom in Serie A The Nigeria international is by no means the finished article, but Italy offers him a platform for growth, as well as a launchpad to better things Reported by Goal.com 3 hours ago.

Italy’s Tria says budget will include ‘citizens’ income’

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