Class-action style legal proceedings have been brought against Amazon and Apple, alleging the tech giants unlawfully colluded to increase the price of the iPhone maker’s products.
The claim, filed at the competition court in London, seeks redress of at least £500million for the ‘millions of UK consumers who bought Apple and Beats products since October 2018’.
Any consumer in the UK who purchased new Apple or Beats products since October 2018 is an eligible member of the claimant class, unless
Thousands of unhappy Wizz Air customers are set for refunds after the Civil Aviation Authority (CAA) has acted on complaints from passengers over compensation claims.
The regulator has forced the budget airline into
Shares in Lloyds fell after it revealed a fresh £662million charge for bad loans and missed the City’s profit forecasts.
As crisis engulfed arch-rival NatWest, the banking giant said more than 200,000 mortgage customers have taken a hit from rising interest rates.
As a result, its provision for bad loan losses reached £662million for the first half of 2023, a 76 per cent increase on the same period a year earlier.
Shares in Lloyds fell after it revealed a fresh
Marston’s has continued to defy widespread cost-of-living pressures with a resilient trading performance since the beginning of April.
Like-for-like revenues at the
Motorpoint Group will cut staff numbers by another 10 per cent in response to continued challenging macroeconomic conditions, the car dealership said on Wednesday.
Nottingham-based Motorpoint expects to save approximately £3million
Heathrow Airport failed to return to profit in the opening six months of the year despite a strong rebound
The founders of Wandisco saw more than £50million wiped off their paper wealth after the software group’s shares returned to trading after a four-month suspension.
In March the company uncovered ‘significant, sophisticated and potentially fraudulent irregularities’ regarding revenue and sales bookings last year.
Wandisco then warned its revenue for 2022 could be as low as £7million rather than £19million.
As a result, shares were suspended while the group launched a probe into the matter.
Wandisco shares crashed 96% as they
Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, is set to deliver an emergency mini-budget on Friday to give more details about support to help ease the cost-of-living crisis.
Prime Minister Liz Truss took office on 6 September and promised to immediately cut taxes and redouble efforts to promote economic growth.
Kwarteng is expected to deliver a tax-cutting statement, with the National Insurance hike reversed, a corporation tax rise stalled and even rumours of a 1p cut to the basic
