Out of office: Your essential round-up of the latest business news
The European Commission is set to open an anti-trust investigation into Facebook, the Financial Times reported. EU officials reportedly sent questionnaires to Facebook and its competitors asking whether the social network distorted the classified ads business by promoting its Marketplace services to its almost 2 billion users, and a formal investigation could be launched in a matter of days.
Marks & Spencer, the British retailer, said it anticipates that it will incur between £42...
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Revenues at Virgin Media grow 3% to €224 million in first half of 2020
Data use across the company’s network almost double as internet played a key role in remote working, education and entertainment during pandemic while TV subscriptions also increased
Kerry Group posts double digit growth in half year profits
The company’s core taste and nutrition division recorded strong volume growth and health profit margin expansion in the first half of the year
Shaw Academy seeks second examinership as reputation suffers after rapid expansion
The online education platform, which was the subject of a large volume of customer complaints during the pandemic, has petitioned for protection from creditors again