Business

Royal Mail fined record £50m by Ofcom

Royal Mail has been fined £50m by the communications watchdog for a “serious breach” of competition law relating to a price change introduced in 2014. It is the largest fine ever imposed by Ofcom, which said the penalty was the result of an...

House of Fraser bought by Sports Direct for £90m

Mike Ashley’s Sports Direct has agreed to buy the House of Fraser department store chain for £90m The deal was announced just hours after the 169-year-old chain went into administration when talks with its creditors failed to reach an agreement....

Thomas Cook stops trips to SeaWorld

  One of Britain’s biggest holiday firms is to stop selling tickets to marine parks that keep killer whales in captivity. Thomas Cook said it took the decision after more than 90 per cent of its customers said they were concerned about animal...

Heatwave and World Cup boost supermarket sales

Supermarket sales have grown at their fastest rate this year with demand stimulated by the World Cup and the warm weather, research suggests. Market research firm Kantar Worldpanel said food and drink sales in the 12 weeks to 15 July rose by 3.6%...

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