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Celebrity influencers paid up to £1m to promote deodorant on social media
Posted onKaty Howell, director at marketing agency Rethink Social, says paid ads “don’t necessarily corrupt a recommendation but it changes the context in which that recommendation should be understood, and audiences have a right to know that”. “The real test is whether the creator would plausibly use the product, whether they retain enough editorial freedom to…
JLR temporarily halts production at Solihull plant
Posted onA JLR spokesperson said: “Due to a part supply challenge with a supplier, we are temporarily pausing production on certain vehicle lines at our Solihull manufacturing facility. We are working closely with that supplier to resolve the issue as quickly as possible and minimise any impact on our clients or our operations.”
US Fed holds interest rates and defends central bank independence
Posted onTwo Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
Ryanair to raise fares after profits dip amid Italy abuse fine
Posted onRyanair is to raise its fares following a fall in quarterly profits after being fined by Italy’s competition watchdog for abusing its market position. The budget airline posted pre-tax profits of €24.4 (£21.2m) for the three months to December, an 83% drop from the same period the previous year. But the company remained confident saying…
California leads lawsuit to block Paramount Warner Bros mega merger
Posted onA dozen US states have joined together to block the $110bn (£85bn) merger between Warner Bros. and Paramount, claiming the largest media consolidation in Hollywood history would stifle competition and raise consumer prices. A lawsuit has been filed by 12 states, led by California, where Paramount and Warner Bros keep their headquarters and production studios….
