Watchdog calls for Viagogo-Stubhub breakup over competition concerns October 22, 2020 The UK’s competition watchdog has called for ticket reseller Viagogo to sell “all or part of” Stubhub, after a large-scale review into the merger found the two were close competitors in “a very concentrated market”. The Competition and Markets Authority (CMA) said its investigation into the $4bn (£3bn) deal, completed in February, found it was [...]
Gambling committee calls for ban on celebrity endorsements October 22, 2020 Jose Mourinho, Michael Owen and Harry Redknapp could be set to lose lucrative gambling contracts, as the use of celebrity endorsements in betting adverts is expected to be banned under a wide-scale crackdown on problem gambling. The Committees of Advertising Practice (CAP) has launched a consultation on the new measures, following fresh data showing problem [...]
British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter October 22, 2020 British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter
Daily Mail owner raises profit outlook following spike in advertising revenue October 22, 2020 The Daily Mail and General Trust (DMGT) has raised its full-year profit outlook following a strong hike in advertising revenue, after formally suspending guidance in the initial outbreak of the pandemic. DMGT today said it expects group adjusted revenue for the year to be in the region of £1.205bn to £1.215bn, with adjusted operating profit [...]
Rentokil boosts revenue on disinfection sales during pandemic October 22, 2020 Rentokil’s revenue climbed almost 10 per cent in the third quarter, after strong demand for its hygiene and disinfection services helped offset a slump in pest control sales, and boosted its full-year outlook. The figures The Camberley-based ratcatchers saw ongoing group revenue climb 9.8 per cent to £754.6m in the third quarter. The group said [...]
Explosive Ghislaine Maxwell documents set to be released today October 22, 2020 Documents that Ghislaine Maxwell fought to keep secret relating to her relationship with convicted sex offender Jeffrey Epstein are set to be released today after the British socialite lost a court appeal. Maxwell has denied all charges of playing a role in the “sexual exploitation and abuse of multiple minor girls” under Epstein’s watch. She [...]
Business bodies slam government’s TfL bailout conditions as a ‘mockery’ October 21, 2020 London business bodies have slammed the government’s demands for a potential bailout for Transport for London (TfL) as a “mockery”, accusing ministers of “railroading” policy through while the transport network is on its knees during the pandemic. Ministers last night threatened to take direct control of TfL unless London mayor Sadiq Khan accepts a raft [...]
Khan accuses PM of ‘blatant lie’ in tit-for-tat over TfL bailout October 21, 2020 Sadiq Khan has accused the government of “lying” and playing “party political games” during Transport for London (TfL) bailout talks, sparking a tit-for-tat with the Prime Minister over the future of the ailing transport network. The London mayor told TfL’s board meeting today that the government wrote a “blank cheque without conditions” when giving emergency [...]
London jobs market shows signs of recovery after 50 per cent hike in listings October 21, 2020 London has begun to recover from a swathe of redundancies handed out during the pandemic, with job listings in the capital hiking more than 50 per cent over the last three months, according to new research. Adverts for jobs based in London jumped 52 per cent between July and September, data from independent job board [...]
Sadiq Khan urges ministers to build more London council houses to ease post-pandemic inequality October 21, 2020 Mayor of London Sadiq Khan has urged ministers to significantly increase the number of council houses in London, in a bid to offset increasing wealth disparities caused by the Covid-19 pandemic. Khan today launched a major new report calling on the government to “stop blocking the aspiration of London’s councils to build” and urging ministers [...]
