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StubHub UK Ordered to Refund Customers Over Hidden Ticket Fees

StubHub UK must refund over 50,000 customers and pay a £900,000 fine for illegal hidden ticket fees, following a CMA investigation into drip pricing practices.

3 min read

StubHub Fined £900,000 for Not Displaying Full Ticket Prices Upfront

StubHub has been fined £900,000 by the CMA for not showing full ticket prices upfront. Over 50,000 customers will receive refunds averaging £10 each.

1 min read

Oil Prices Drop After US Iran Sanctions Waiver and Progress in Swiss Peace Talks

Crude oil prices fell after the US waived Iran sanctions for 60 days amid progress in peace talks in Switzerland. Brent crude dropped 1.4%, while Asian stocks declined. The US and Iran agreed on a roadmap toward a permanent deal and mechanisms to reduce regional conflict.

2 min read

Oracle Cuts 21,000 Jobs as AI Reshapes Workforce in Past Year

Oracle cut 21,000 jobs globally in the past year as AI integration reshapes its workforce, with $1.8bn in restructuring costs and plans for $50bn infrastructure investment.

2 min read

Millions of UK iCloud Users May Share £3bn in Apple Lawsuit After UK Approval

A UK class action lawsuit against Apple over iCloud alleges users were locked into costly services. Millions may claim part of a £3bn settlement if successful.

3 min read

California Drivers Sue Gas Stations Over Alleged AI-Driven Price Inflation

California drivers have filed a class action lawsuit against major gas station operators, alleging the use of AI to coordinate and inflate gas prices, violating state antitrust laws.

2 min read

Castlelake’s EasyJet Bid Lacks Shareholder Support and Full Value

Castlelake’s £4.7bn bid for easyJet faces skepticism due to its price and complex EU ownership structure. Founder Stelios Haji-Ioannou remains silent, leaving shareholder support uncertain.

4 min read

Indian Fintech Founder Kunal Shah to Lead WhatsApp as Will Cathcart Steps Down

Will Cathcart steps down as WhatsApp head after seven years, with Indian fintech founder Kunal Shah of Cred taking over amid Meta's efforts to expand in India.

3 min read

South East Water Names John Halsall as New Chief Executive

South East Water appoints John Halsall as new chief executive amid ongoing supply issues and regulatory scrutiny. Halsall pledges immediate customer focus and a £2.1bn investment programme to improve services.

2 min read

EasyJet Declines £4.7bn Takeover Bid from US Firm Castlelake

EasyJet has rejected a £4.74bn takeover offer from US firm Castlelake, which owns a 2.14% stake and offers 625p per share, a 24% premium. Castlelake aims to maintain EasyJet under European control and comply with EU ownership rules.

2 min read

Burnham Must Clarify Tax Plans to Avoid Bond Market Turmoil

Andy Burnham’s Makerfield win avoids bond market turmoil but he must clarify tax and spending plans to maintain market confidence and fund promises amid tight budgets and defence funding challenges.

4 min read

Michael O'Leary Extends Ryanair Contract Through 2032 with Potential £130m Bonus

Ryanair CEO Michael O'Leary has extended his contract to 2032 with a bonus scheme that could earn him over £130m if ambitious profit and share price targets are met.

2 min read