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Four sports broadcasters fined £4.2m following freelancer pay investigation


By Michael Griffiths

Four of the UK’s largest sports broadcasters have been fined a collective £4.2m after they were found to have shared sensitive information about fees for freelance workers.

The four companies – BT (£1.7m), IMG (£1.7m), ITV (£340,000) and BBC (£424,000) – each agreed to pay their fines following an investigation by the Competition and Markets Authority (CMA)


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Wetherspoons profits hit by energy and labour costs

JD Wetherspoon has seen its operating profit drop by 4.3% year-on-year to £64.8m, with the pub chain pointing to increasing "labour and utility costs" as the reason for this decrease

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Asos shares jump 20% following ‘significant’ profitability improvement

Shares in Asos have increased by over 20% after the online fashion retail firm stated that it expects a "significant improvement in profitability" in the current financial year

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Wickes profits slide amid sales slowdown for big ticket items

Wickes has reported falls in both revenue and profits as the home and DIY retailer acknowledged “challenging market conditions” had led to fewer customers purchasing big ticket items

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Bloomsbury updates guidance ahead of preliminary results

Bloomsbury has announced that its trading in the year to 28 February was "ahead of consensus expectations"

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Recognise Bank announces change of CFO

Recognise Bank has announced the appointment of Tristan Mahoney as the bank’s new chief financial officer (CFO), subject to regulatory approval

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Crest Nicholson sees ‘early signs of progress’

Crest Nicholson has seen "early signs of progress" from its operational and sales improvement initiatives, the housebuilder said in its latest trading update

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Santander to close 95 UK bank branches

Santander has announced it is to close 95 of its existing 444 branches in the UK, as the bank said its customers were increasingly moving towards online banking

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M&G smashes profit expectations in full-year results

M&G Group has seen its operating profit reach £837m in 2024, beating expectations set at £769m

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Close Brothers slumps to loss amid motor finance investigation

Close Brothers has reported a £103m loss in its latest half-year results, as the group continues to face uncertainty from the Financial Conduct Authority’s (FCA’s) motor finance investigation

Computacenter reaches North American operating profit record

Computacenter’s operating profit in North America has reached a record high in the year to 31 December 2024, totalling £72.3m
PIC completes largest ever total of new business premiums

Pension Insurance Corporation (PIC) completed its largest ever total of new business premiums in 2024 at £8.1bn, according to its latest result for the 12 months to 31 December
Anglo American completes combined £785m buy-in with L&G

Anglo American Services (UK) has completed a £785m combined buy-in with Legal & General Assurance Society (L&G) for three of its defined benefit (DB) schemes


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