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The Markets
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The Markets
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Pharma & Biotech

Trending - Uber, drivers, Mark Carney and Amur Minerals

A look at some of the big trending stories on the day

Uber, the taxi app tech group, continues to attract 'Uber' amounts of news - for various reasons.

The company's influence has been far reaching and it seems now to have entered the complex world of employment rights.

Two workers brought a case against the firm and a tribunal ruling last week said they were entitled to rights, such as holiday pay, since they are employees, not as Uber says, self employed freelancers.

The case is said to have huge implications for Uber drivers but, reportedly, now the California based firm, is saying the ruling only affects the two drivers that bought the action.

It reckons its drivers like the personal flexibilty they gain by not being classed as employees.

Uber drivers are company employees not self-employed contractors, court rules https://t.co/UaZpnQSNux by @Tom_Mendelsohn

— Ars Technica UK (@ArsTechnicaUK) October 31, 2016

The question of when Mark Carney may 'Uber' a cab from Threadneedle Street (he probably doesn't use Uber, you're right) when he exits his role as the 'guv'nor' is also a big topic today and one that is making markets nervous.

Clearly, during what is a key time for the UK's economy in the light of the Brexit vote and general uncertainty, having stability at the helm of the good ship 'Old Lady' is an imprortant factor.

And Carney is coming under pressure to say for sure whether he will leave in 2018 - the following year from a potential Articled 50 trigger, or do the full eight year term to 2021.

Mark Carney to see Theresa May in Number 10 early this afternoon - sources say it's a long standing meeting

— Laura Kuenssberg (@bbclaurak) October 31, 2016

There wasn't much to spook traders on Halloween in WPP's (LON:WPP) results, and the group has firmly got its feet on the FTSE 100 top riser podium today.

But it did say a slow down in the UK could spell the first signs of "Brexit uncertainty".

It is worth noting that Sir Martin Sorrell, the chief of WPP and the co-called "Sage of Soho" has come out in strong support of the governor.

A notable riser and a trending story today came from Far East Russia-focused Amur Minerals (LON:AMUR),whose shares rose over 28% on the day.

Amur said today it had inked a memorandum of understanding (MOU) with China’s largest nickel company Jinchuan over its Kun-Manie nickel project.

The MOU relates specifically to engineering, design, procurement and construction activities, but is being regarded by both companies as the first stage of a process of due diligence being undertaken by Jinchuan.

Amur’s Kun-Manie nickel deposit is one of the largest remaining sulphide projects in the world and lies not far from the Chinese border.

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