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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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John Wood Group extends takeover talks deadline

John Wood Group has agreed to extend the deadline for its talks with Sidara over a possible takeover deal

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Fever-Tree ends 2024 with ‘mixed set of results’

Fever-Tree’s 2024 results have been described by some analysts as a "mixed set", with the firm stating that it has operated in a "subdued consumer environment"

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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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Plus500 enters Indian market through Mehta acquisition

Plus500 has agreed to acquire the entire share capital of Indian financial services company, Mehta Equities Limited, for approximately $20m (£15.47m)

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Kingfisher shares dive 12% as its publishes full-year results

Shares at Kingfisher have fallen by 12% after its profit before tax dropped by 35.4% in the year to 31 January 2025

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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

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
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
Ryan Govender appointed as JSG CFO

JSG has appointed Ryan Govender as its new chief financial officer (CFO) and is set to start in the role from 1 October
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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