[Pedestrian]

'Unfit' Uber stripped of London license
REUTERS - 11:45 AM ET 9/22/2017
By Costas Pitas

LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world's wealthiest cities.

The capital's transport regulator said the Silicon Valley technology giant's approach and conduct was not fit and proper to hold a private vehicle hire license and it would not be renewed when it expires on Sept. 30.

Uber [UBER.UL], which has 40,000 drivers working in the capital, said it would contest the decision. Regulator Transport for London (TfL) said it would let Uber operate until the appeals process is exhausted, which could take months . . . .

Reuters via Fidelity.com