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Losses Stacking Up At Black Cab Uber Rival, Hailo

Troubled taxi app Hailo has fallen deeper into the red despite a rise in annual sales. The company, which allows customers to order a taxi directly from their smartphone, made a pre-tax loss of GBP14.1m in the year to December 2015, from a GBP10.3m loss a year earlier, after a GBP5.6m jump in costs and higher interest repayments on its debt pile ate into profits.

Read the whole story at The Telegraph »

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