Yasemin Craggs Mersinoglu

French entities of UK-headquartered international mobile virtual network were convicted of fraud in Paris

Largest shareholder ‘deeply regrets’ acceptance of private equity’s firm offer of up to €22bn for fixed-line network

The biggest UK mobile phone operators could face total damages of £3.3bn following class-action claims that they allegedly charged 5mn existing customers “loyalty penalties” over a 16-year period. Claimant lawyers say they filed court documents at the Competition Appeals Tribunal against Vodafone, EE, Three UK and O2 last week. The claims accuse the phone companies of overcharging on as many as 28.2mn contracts by not reducing the amount customers had to pay after their minimum terms expired, despite them having effectively paid off their mobile devices.

Government says move is intended to provide ‘shareholding stability’ after Saudi sovereign wealth fund builds stake

New chief executive Allison Kirkby is battling to reverse a declining share price

Deliveroo, Just Eat, DoorDash and Delivery Hero put new focus on profits, despite slower growth following the pandemic

Leading online food delivery groups in Europe and the US have racked up more than $20bn in combined operating losses since they went public, after a fierce battle for market share.

The active search comes as Pekka Lundmark has failed to revive growth

Elon Musk’s SpaceX is pushing to loosen power limits on transmissions in low Earth orbit, a move that some fear could give upstart US operators more power

The company is in expansionist mode again and wants to become consumers’ main portal for every aspect of their lives