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Top UK Stocks to Watch: Tesco shares fall as profits hit by Covid costs
Joshua Warner April 14, 2021 8:40 AM
Tesco sales rise during the pandemic but profits are hit by extra costs, easyJet is ready to ramp up for the summer holidays, Foxtons reports strong growth in early 2021, the CMA clears the merger between Virgin and O2, and Anglo Pacific Group is hurt by lower commodity prices. Share:
Top News: Tesco profits slide despite surge in sales
Tesco said sales boomed during the pandemic as stores remained open and online shopping took off, but revealed profits took a hit as it booked one-off costs adapting to the challenging environment and dragged down further by the repayment of government support.
TOP NEWS SUMMARY: UK regulator approves Virgin-O2 mobile phone merger
Wed, 14th Apr 2021 11:20
(Alliance News) - The following is a summary of top news stories Wednesday.
COMPANIES
The UK Competition & Markets Authority said it has provisionally cleared the proposed merger of Virgin Media and Virgin Mobile with O2. O2 is a cellular network operator and the commercial brand of Telefonica UK, which is part of the telecommunications company Telefonica. Virgin Media, meanwhile, is a subsidiary of Liberty Global, a television & telecommunications company. Liberty Global and Telefonica announced the tie-up last May, which is expected to create GBP11 billion in revenue. Back in December 2020, an in-depth investigation into the GBP31 billion mega-merger was launched by the competition watchdog. The CMA previously had blocked a merger between O2 and rival network Three, although it had approved BT s deal with EE.
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Monday, April 12, 2021
For a long time I gave Apple and Google the benefit of the doubt with respect to app store policies. When my own app development company got affected by the utterly unreasonable COVID app rules those monopolists had promulgated more than a year ago, I couldn t help but conclude that the situation was unsustainable. And brought my own antitrust complaints against those companies in multiple jurisdictions (including the UK) though I continue to agree with those companies in some other areas, particularly patent policy.
It s bad enough that private companies like the
FOSS Patents: Apple and Google abuse their app store monopolies to obstruct governmental COVID pandemic control efforts in the UK (not even for the first time) fosspatents.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fosspatents.com Daily Mail and Mail on Sunday newspapers.