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NBCUniversal makes Mark Marshall permanent ad chief
NBCUniversal makes Mark Marshall permanent ad chief
NEW YORK NBCUniversal named Mark Marshall chairman of global advertising and partnerships Wednesday, making permanent a role he
2023-08-31 01:49
Medable Vice President of Data Analytics Steve Jones Wins Esteemed Decentralized Solutions Individual of the Year
Medable Vice President of Data Analytics Steve Jones Wins Esteemed Decentralized Solutions Individual of the Year
PALO ALTO, Calif.--(BUSINESS WIRE)--May 25, 2023--
2023-05-25 19:51
HotelREZ® powers Elegant Hotel Collection®
HotelREZ® powers Elegant Hotel Collection®
LONDON--(BUSINESS WIRE)--Oct 24, 2023--
2023-10-24 15:22
Visa Welcomes More than a Hundred Athletes to Team Visa Ahead of Olympic and Paralympic Games Paris 2024
Visa Welcomes More than a Hundred Athletes to Team Visa Ahead of Olympic and Paralympic Games Paris 2024
PARIS--(BUSINESS WIRE)--Nov 8, 2023--
2023-11-09 03:50
Leicester fined up to £880,000 over price fixing with JD Sports
Leicester fined up to £880,000 over price fixing with JD Sports
Leicester are to be fined up to £880,000 after “colluding to restrict competition” alongside JD Sports in the sales of club clothing, including replica kit, according to the UK competition watchdog. The Competition and Markets Authority (CMA) has said the Sky Bet Championship side and JD Sports have admitted to anti-competitive behaviour, which include “price fixing conduct”. The parties broke competition law between 2018 and 2021 with arrangements which limited competition in the sale of clothing, the CMA said it has provisionally found. Leicester and its parent companies have agreed to pay a fine up to the watchdog’s maximum penalty of £880,000. JD Sports will avoid a fine after reporting the illegal activity. In August 2018, JD Sports said it would stop selling Leicester-branded clothing online for the 2018-19 season, and in January 2019, JD Sports agreed it would not “undercut” the club in terms of online sales for the following season by applying a delivery charge to all orders, the CMA said. It said JD Sports continued the agreement to sell all Leicester clothing with the charge until at least January 2021. Michael Grenfell, executive director of enforcement at the CMA, said: “Strong and unimpeded competition between retailers is essential to consumers’ ability to shop around for the best deals. “Football fans are well-known for their loyalty towards their teams. In this case we have provisionally found that Leicester City FC and JD Sports colluded to share out markets and fix prices with the result that fans may have ended up paying more than they would otherwise have done. “Both parties have now admitted their involvement, allowing us to bring the investigation to a swift conclusion. “The fine that Leicester City FC and its parent companies have agreed to pay sends a clear message to them and other businesses that anti-competitive collusion will not be tolerated.” In response, Leicester stressed that no current club directors or senior management were involved in the arrangements. “These arrangements related to a limited number of bulk orders by JD Sports, which were accepted by the club’s retail sales team over the relevant period,” the club added. “There was no intention on the part of the club to unlawfully restrict the resale of the goods supplied and no material financial advantage to be gained from doing so, given the limited amount of kit supplied to JD Sports. “However, the club accepts the CMA’s findings and has taken steps to strengthen its training and compliance measures to ensure the club’s retail operations fully comply with competition law.” JD Sports also highlighted that current or former directors or senior management of JD were involved in the offending conduct and that it signed a leniency agreement with the CMA last month. The company added: “JD has taken a number of steps to strengthen its competition compliance programme and the board reaffirms its commitment to making the necessary resource available, internal and external, to ensure that this is embedded into its daily operations.” It comes almost a year after JD Sports, rival Elite Sports and Rangers were handed fines over price fixing on replica kits. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Paris St Germain sack Christophe Galtier Wimbledon schedule further affected as rain prevents play on Wednesday morning Keira Walsh fears injury ‘every time I go on the pitch’ due to increased load
2023-07-05 20:28
Dawn of Interest-Rate Pivots Unlocks Risk in EM’s Standout Trade
Dawn of Interest-Rate Pivots Unlocks Risk in EM’s Standout Trade
One of the year’s top fixed-income trades is facing a critical juncture in Latin America as bond investors
2023-07-30 20:19
Stanford University says it will return all gifts from bankrupt crypto exchange FTX
Stanford University says it will return all gifts from bankrupt crypto exchange FTX
Stanford University said it will be returning gifts it received from bankrupt crypto exchange FTX "in their entirety," after a lawsuit against founder Sam Bankman-Fried's parents alleged the school received millions of dollars in donations.
2023-09-20 07:23
Yellen urges China to back global funds to fight climate change
Yellen urges China to back global funds to fight climate change
US Treasury Secretary Janet Yellen urged China on Saturday to combat the "existential threat" of climate change by supporting international funds intended to help developing countries confront the crisis.
2023-07-08 13:45
French car maker Renault first-half sales jump 13%
French car maker Renault first-half sales jump 13%
(Reuters) -French car maker Renault on Wednesday said its worldwide sales rose 13% in the first six months of the
2023-07-19 13:53
DeSantis seeks review of Florida's holdings in Bud Light maker over transgender influencer backlash
DeSantis seeks review of Florida's holdings in Bud Light maker over transgender influencer backlash
Presidential candidate and Republican Florida Gov. Ron DeSantis is asking for an investigation of the state's investments in the company that makes Bud Light because of conservative backlash over a transgender social media influencer marketing the beverage
2023-07-22 06:21
Chocolate Maker Delays Target Date to Sell 100% Sustainable Cocoa
Chocolate Maker Delays Target Date to Sell 100% Sustainable Cocoa
Chocolate maker Barry Callebaut AG delayed its date for having 100% sustainably sourced cocoa, part of a broader
2023-05-10 13:28
Metro Bank Investors Back Equity Raise, Paving Way for New Owner
Metro Bank Investors Back Equity Raise, Paving Way for New Owner
Metro Bank Holdings Plc shareholders have voted in favor of a capital raise that’s part of a £925
2023-11-27 22:58