Transport bosses gave four reasons for its decision; the firm's failure to report serious criminal offences; its approach to how medical certificates for drivers are obtained; its approach to background checks; and the company's use of secret software called "Greyball", which could be used to block regulators from gaining full access to the app.
"[We] consider that Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications", the Transport For London group said in a statement.
On Friday, Uber had criticised a decision of the TfL contrary to the interests of the 3.5 million Londoners who use the application and of 40 000 drivers of the company in the capital. Although Uber's license expires on 30 September, it able to continue operating in London until any appeal processes have been exhausted.
Winter worries: Heating oil prices will rise
Chronic oversupply, triggered in part by production gains in the United States, pushed crude oil prices below $30 per barrel early past year .
"Uber operates in more than 600 cities around the world, including more than 40 towns and cities here in the United Kingdom", the company said.
"On behalf of everyone at Uber globally, I'd like to apologise for the mistakes we've made".
City Council (NCC) has confirmed it has no plans revoke the licence of taxi operator Uber, after Transport for London (TfL) cut its relationship with the firm this week. London Mayor Sadiq Khan who backed TfL's decision has accepted the apology, and is open to discussing the matter further.
Fred Jones, head of cities for Uber in the United Kingdom, also admitted the company made errors in reporting criminal complaints.
3.4 magnitude earthquake detected in North Korea - China Earthquake Networks Center
CTBTO said Executive Secretary Lassina Zerbo said in a Twitter post that the group detected two seismic events on Saturday. If you look at it from Kim's point of view, nuclear capability is needed for his and North Korea's survival.
"This was one of the odd things around the TfL notice yesterday is they are the ones who do all of the checks and license the drivers".
"I appreciate Uber has an army of lawyers, they've also made aggressive threats about taking us to court and the rest of it", he told BBC radio.
"I want London to be at the forefront of innovation and new technology and to be a natural home for exciting new companies that help Londoners by providing a better and more affordable service". More than 740,000 people have signed an online petition launched by Uber urging TfL to reverse its decision. "It's been unbelievable to hear your stories of Uber improving lives across this city-from drivers who use our app to earn a living, to riders who rely on us to get home safely after a night out".
Last August, Head of the Metropolitan Police's taxi and private hire unit Inspector Neil Billany alleged the company was putting its customers at risk by turning a blind eye to criminal activity by its drivers.
'World XI players will cherish 'memorable' Pakistan tour for life'
The former Kiwi all-rounder expected more worldwide teams to travel to Pakistan if proper security arrangements are kept in place.
"If you play by the rules you're welcome in London, if you don't, don't be surprised if TfL takes action against you".