Jonnie Peacock smiles despite failing to medal in Paralympic Games as Sherman Guity Guity claims gold
JD Sports appeals CMA block on £90m Footasylum buyout June 19, 2020 JD Sports is to appeal a decision by the competition regulator to block its £90m buyout of Footasylum. The Competition and Markets Authority (CMA) decided to put a halt to the deal last month, ruling that it would lead to a “substantially” lessening of competition nationally. However, JD Sports said the probe had relied on [...]
FTSE 100 today: London shares set to open higher, following global tech-driven rally May 3, 2024 Asian stocks surged today, buoyed by Wall Street's tech-driven rally. Apple's record buyback plan lifted its shares, while the yen strengthened and oil prices rose. Labour also made gains in local elections. Attention now turns to the US non-farm payrolls report for economic cues.
UK regulator fines Mastercard £31m over ‘cartel behaviour’ January 18, 2022 Mastercard is among five payments firms which have been accused of operating a cartel in the prepaid cards market by a UK watchdog.
Walmart revives talks on sale of Asda stake July 20, 2020 Walmart has revived talks to sell a stake in Asda after pausing plans to focus on the impact of the coronavirus pandemic. The US giant, which is the largest retailer in the world, said it had restarted discussions with potential buyers after it was forced to temporarily abandon the move. “Walmart and Asda have restarted [...]
HSBC lifts savings rates after government pressure June 29, 2023 HSBC UK and First Direct have unveiled plans to boost savings rates. Customers with HSBC UK accounts will see some savings interest rates increase from Friday 30 June, alongside a change to increase the higher-paying tier on the bank’s online bonus saver account. Those with an online bonus saver will be able to earn four [...]
Instagram vows to tackle hidden celebrity ads after watchdog probe October 16, 2020 Instagram has pledged to do more to prevent hidden advertising on its website and app amid concerns that influencers are failing to make it clear when they have been paid to promote products. The Competition and Markets Authority (CMA) launched an investigation into Instagram over its failure to tackle the problem of hidden advertising. Facebook, [...]
Best of tech opinion in 2022 December 29, 2022 From Elon Musk and Mark Zuckerberg to algorithms keeping us in with our daily dose of otters, some of the best tech opinion in City A.M.
Allica Bank chief bets on rapid growth to force improvement in SME finance May 9, 2024 Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.
End of airport slots allocation leads to lower fares, says IEA May 26, 2022 Ending the allocation of airport slots will lead to lower fares, according to a paper published today. The Institute of Economic Affairs (IEA) has argued that buying and selling airport slots on the market like any other goods will lead to more competition between airlines, ultimately improving consumers’ choice. “The system weakens competition between airlines [...]
Connecting? Vodafone confirms merger talks with Three UK October 3, 2022 Vodafone confirmed it was in merger talks with Three UK this morning, setting the scene to become the largest mobile telecoms supplier in Britain. The FTSE 100 firm said it was in discussions with CK Hutchison, Three’s Hong-Kong parent company, with the view of combining the two UK arms, with Vodafone owning 51 per cent [...]