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Competition watchdog investigating eight firms over online pricing
Investigations have been opened into eight companies, including ticket resellers and driving schools, by the UK’s competition regulator as part of a review of online pricing practices. The cases are the first launched by the Competition and Markets Authority (CMA) under new consumer protection powers, and are looking at actions such as mandatory additional charges,…
US beef prices are soaring. Will Trump’s plans lower them?
Danielle KayeBusiness reporter Mike Callicrate Mike Callicrate, a cattle rancher who has built a direct-to-consumer operation, at his farm in St Francis, Kansas. Beef prices have gotten so high in the US that it has become a political problem. Even Donald Trump, who long ago declared inflation “dead”, is talking about it, as the issue…
Ozempic-maker Novo Nordisk to cut 9,000 jobs
The maker of Wegovy and Ozempic, Novo Nordisk, has announced it will cut 9,000 jobs weeks after warning that profits will fall as more “knock-off” weight-loss drugs emerge. The redundancies make up 11% of the Danish company’s workforce and mark the first major step by new chief executive Mike Doustdar as Novo Nordisk faces mounting…
I blew the whistle on a massive tax fraud – and they sued me
Theo LeggettBusiness Correspondent Jas Bains Jas Bains alerted Danish authorities to a £1bn tax scam and they hit him with a lawsuit “We’d be met at airports in 20-foot limousines, and taken to places like the Atlantis hotel in Dubai or the Singapore Grand Prix. There’d be a hundred grand spent in the bar.” In…
ECB holds interest rates at 2%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left its benchmark interest rate unchanged at 2 per cent for the fourth meeting in a row but raised its growth forecast for the Eurozone. Thursday’s rate decision was in…
Fuel poverty will tighten grip in Hull this winter, charity says
Charis Scott-HolmEast Yorkshire and Lincolnshire PA Media Citizens Advice says people are still struggling to afford to heat their homes Citizens Advice is expecting a “surge in demand” for its services this winter, as people who are already struggling with fuel debt face further bills. The organisation said half of the 1,000 people it saw…
