London transit Officials cited several incidents of breaches in passenger security as the reason for refusing to renew Uber’s operating licence.
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Uber has just suffered a significant setback in one of its biggest markets. London transit officials have decided not to extend the company’s license to operate in the city beyond midnight local time on Monday. In a statement, Transport for London (TfL) said it had identified “a pattern of failures by the company including several breaches that placed passengers and their safety at risk.” Uber said it would appeal the decision not to renew its license, describing it as “extraordinary and wrong.” It can continue to provide services in London while the appeal is heard. Uber shares fell by more than 5 per cent in pre-market trading.
The company has been here before. The city first declined to renew its license in 2017, citing several concerns including how Uber responded to serious crimes. Uber appealed that decision and was later granted permission to operate for 15 months. In late September, the regulator granted Uber an additional two-month license.