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Evening Standard
UK regulator CMA launches investigation of Amazon and Google over fake reviews
A formal probe into whether Google and Amazon are doing enough to combat fake reviews on their sites was today opened by the competition watchdog.The move by the Competition and Markets Authority (CMA) comes a year after it began investigating how the industry identifies and deals with bogus reviews.The CMA said today it had specific …
Business
Evening Standard
A.G. Barr hires ex-Dairy Crest chief as new chairman
Irn-Bru maker A.G. Barr has selected former Dairy Crest CEO Mark Allen as its new chairman. The listed drinks company said current chairman of seven years, John Nicolson, will stay on as a non-executive director until May next year.Allen ran Dairy Crest, which makes Cathedral City and Clover butter, for over a decade before it …
Business
Evening Standard
Online building materials retailer CMO reveals plans for AIM float
CMO Group, the UK’s largest online-only building materials retailer, has revealed plans to float on AIM as the home improvements market continues to boom in the pandemic.The retailer stocks over 75,000 products across seven websites and offers trade accounts and adviceservices to builders and DIY enthusiasts. The listing is planned for early July, and market …
Business
Sky News
Government accused of ‘sowing confusion’ over travel rules as airline boss slams ‘variant scariant’
Travel firms say the limited expansion of the green list for holiday destinations has sparked a wave of new bookings, despite renewed industry criticism of the government’s handling of coronavirus restrictions.Michael O’Leary, chief executive of Ryanair, accused Transport Secretary Grant Shapps of “sowing confusion” as he told Sky News there was no science-led approach to …
Business
Sky News
Amazon and Google investigated over efforts to tackle fake reviews
Amazon and Google are being investigated by the UK’s competition watchdog over their efforts in tackle fake reviews on their platforms.The Competition and Markets Authority (CMA) said its initial work on the issue, started just over a year ago, raised a number of concerns and it would now “gather further information to determine whether these …
Business
Evening Standard
FTSE 100 set to rise while bitcoin rallies from this week’s lows despite JPMorgan warning
The FTSE 100 Index was set to rise modestly today and bitcoin rallied despite repeated clampdowns by central banks on cryptocurrencies.Bitcoin was up 6% to nearly $35,000 today as it continued its bounceback from falls to as low as $28,600 earlier this week.Ethereum, cardano, dogecoin and other cryptos have also fallen sharply, wiping hundreds of …
Business
Euro News
EE and O2 customers will soon have to pay roaming charges in the EU
Two of Britain’s biggest mobile operators are reintroducing roaming charges for trips to the European Union.Operator EE confirmed to Euronews on Thursday that it will introduce a new flat fee of £2 (€2.3) a day for new customers that want to use their phones in 47 European destinations. Those travelling abroad for longer will have …
Business
Sky News
EE to charge customers for using mobile phones in EU from next year
Mobile network EE is to charge customers for using their phone in Europe from next year.The company, owned by BT, had previously said it had no plans to reintroduce the charges after Brexit. It will affect new customers and those upgrading from 7 July. Image: EE said it change would support investment in its UK …
Business
Sky News
Deliveroo wins legal battle over riders’ employment status and bargaining rights
Deliveroo has won the latest battle in the long-running legal fight over the employment status of its riders after senior judges dismissed an appeal by a trade union.The takeaway delivery app’s argument that the riders are self-employed and therefore do not enjoy the rights of “workers” has been backed by a series of court judgments. …
Business
Sky News
The brave takeover battle that resulted in a rare COVID crisis defeat for private equity
It is open season on British companies.The last few months of 2020 saw a host of businesses, including the insurer RSA and the bookmaker William Hill, attract takeover bids. That process has continued into this year with bids for the likes of Signature Aviation, John Laing and the emergency power supply equipment provider Aggrekko. Image: …
Business
Sky News
Boring Bank in tune with government at the moment – but the harmony won’t last
If you’re wondering why monetary policy – the setting of interest rates and, these days, quantitative easing (QE) – seems to be so boring, well, you have a point.Following the flurry of excitement last year when COVID-19 struck and the Bank of England slashed interest rates down to 0.1% (they have quite literally never been …
Business
Sky News
‘Real opportunity’ to ‘open up’ travel for those with two COVID jabs – PM says
Boris Johnson has indicated that a relaxation of travel rules for those who have had two doses of a coronavirus vaccine is on the horizon.The prime minister said there is a “real opportunity” to “open up travel through the double jab”. Live COVID updates as travel list updated COVID-19 summer tracker – how countries’ rates …

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