Uber Technologies gets 18-month London license after passing court test

Uber shares were up 7.7 per cent at 5:28 am Monday in New York during pre-market trading.

Uber Technologies was awarded an 18-month London license after a judge ruled that the ride-hailing app is “fit and proper” to operate in its biggest European market.
 
“Despite their historical failings, I find them, now, to be a fit and proper person” to hold a London license, Deputy Chief Magistrate Tan Ikram said in his ruling on Monday.
 
The duration of the permit was decided after submissions by Uber and its regulator Transport for London. When the company appealed the loss of its license the first time around, in 2018, it was granted a 15-month license by the