source-had Archives - Elite Sites

Moneysupermarket founder cancels 6.4 percent stake sale

March 25, 2015 publisher 268-5-pence, internet, million-shares, shows-icons, simon-nixon, social-media, source-had, twitter

The founder of British price comparison company Moneysupermarket.com, Simon Nixon, on Wednesday scrapped a plan to sell a stake of up to 6.4 percent in the company, less than a day after announcing it. A source had earlier told Reuters that Nixon was reducing offer to 4 percent of the company’s share capital — 22 million shares — from the 35 million shares previously targeted, with a price range of between 268 pence and 270 pence. News of the cancellation sent shares in Moneysupermarket down 6.3 percent to 268.5 pence by 0850 GMT.

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Delhi government asks federal ministry to block Uber, Ola apps

March 25, 2015 creative block-the-taxi, city, companies, madrid, reserved-lane, service-app, simon-nixon, source-had, twitter, while-their

New Delhi authorities on Wednesday asked India's federal information technology ministry to block the taxi-hailing apps of U.S.-based Uber and its local rival Ola in the city in a bid to enforce a ban on the companies' services. India in December ordered all unregistered web-based taxi companies to halt operations until they obtain an operating license after a driver contracted with Uber was accused of rape. The ban, however, has largely been ineffective and both Ola, backed by Japan's SoftBank Corp, and Uber have continued to operate in Delhi while their license applications are pending.