Deliveroo to devour £285m from US fund giants

Deliveroo, the restaurant delivery app that is one of the most prominent members of Britain’s ‘gig economy’, has snapped up £285m in new funding from two US-headquartered fund management giants. Sky News can exclusively reveal that Fidelity and T Rowe Price have agreed to invest in the UK-based technology …

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Uber petition over London licence loss reaches 400k

Hundreds of thousands of people have signed a petition calling for Transport for London to reverse its decision not to renew Uber’s licence.On Friday, the regulator said Uber was not “fit and proper” to hold a London private hire operator licence on the grounds of “public safety and security …

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Rounding up

The round £1 coin will soon lose its status as legal tender. In practice, shops can refuse to accept these coins from 16 October.They have been used alongside the new 12-sided £1 coin since March – a period called co-circulation.Now, there is not long left to spend, bank, exchange …

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Facebook's Mark Zuckerberg drops controversial stock plan

Facebook chief executive Mark Zuckerberg has abandoned plans to create a new class of company stock.A group of investors had sued over the proposal, which would have allowed Mr Zuckerberg to retain voting control of Facebook but own a smaller share of the company’s shares.Mr Zuckerberg still plans to …

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Two million couples missing out on tax break, says HMRC

Nearly half the couples eligible to claim marriage tax allowance are still failing to do so, according to HM Revenue and Customs (HMRC).The tax allowance – worth £230 a year – can be claimed by married couples or those in a civil partnership if they meet certain conditions.However, since …

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UK chip designer Imagination bought by Chinese firm

UK technology firm Imagination, which designs graphics chips for smartphones, is being bought for £550m by a Chinese-backed investment firm.Imagination put itself up for sale in June after Apple, its largest customer, said it would stop using its products.The boss of Imagination, Andrew Heath, said the takeover by China-backed …

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