maiden world title will remain in his custody after the FIA decided against docking points as punishment for Red Bull’s budget cap breach. Red Bull have been fined £6million for breaching the 2021 Formula One cost cap and have been dealt a restriction on the aerodynamic testing for the next 12 months, potentially limiting their performance in…
Read MoreVodafone’s chief executive has said the mobile phone industry is ripe for ‘consolidation’ as rumours swirl about a merger with rival Three. Nick Read said the market for mobile phone networks in Britain was ‘very fragmented’, resulting in ‘poor returns and under-investment’ compared to what was needed for the country to be globally competitive. Britain…
Read MoreGetir speeds up market consolidation with Gorillas deal * Flink, GoPuff are Europe’s other fast grocery players * Just Eat, Delivery Hero, Deliveroo set EBITDA profit targets * Uber, DoorDash say they are growing in Europe By Toby Sterling AMSTERDAM, Dec 11 (Reuters) — Grocery-in-minutes company Getir’s $1.2 billion deal to buy rival Gorillas is…
Read MoreBy Divya Rajagopal TORONTO, June 5 (Reuters) — Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough.It wants to…
Read MoreWASHINGTON, April 6 (Reuters) — A top White House economic adviser on Wednesday said the administration takes «very seriously» the impact of industry consolidation but declined to comment on JetBlue Airways’ proposal announced on Tuesday to acquire Spirit Airlines. «The concerns about economic benefit and consumer welfare from consolidation are ones that we take very…
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