Lowe’s misses Street 2Q forecasts

Uber bookings continue to soar despite string of scandals

Uber's bookings continued to rise in the second quarter despite the American ride-hailing company being embroiled in a string of scandals. The company saw its bookings double on last year to $8.7bn during the period, according to Uber's latest results published by US website Axios, suggesting customers are not being put off recent controversies. The boost, powered by a surge in bookings across developing markets such as Russia, helped bring losses down 14pc on last year to $645m. The figures cover a period which saw Uber's chief executive Travis Kalanick step down as the firm released the results of a lengthy investigation into the company which was triggered by allegations of widespread sexism and harassment. Despite the claims, which has seen a string of senior executives leave, the San Francisco-based company said its revenues more than doubled on a year ago to $1.75bn. Uber controversies timeline


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UK car output reverses downward trend with 7.8 percent rise in July

UK car output reverses downward trend with 7.8 percent rise in July

British car production rose by an annual 7.8 percent in July as manufacturers boosted output ahead of the key selling month of September, an industry body said on Thursday, reversing the downward trend recorded in recent months. Factories churned out 136,397 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT), the first year-on-year increase since March. Exports, which account for around 80 percent of output, rose 5.3 percent while cars destined for the home market surged by 17.7 percent, the first increase since November.


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