Two years ago, when the inquiry was launched amid widespread public anger over energy charges, MPs from all sides welcomed the probe. Photograph:  Gareth Fuller/PA Wire

As the nation digests the result of the European referendum from the early hours of the morning, Friday will be a good day to bury bad news. It’s th(...)

Group said its digital makeover was bearing fruit as internet sales rose

Retailer Argos notched up its best sales performance for two years as it shrugged off poor early spring weather and the “distraction” of its £1.4 bill(...)

Ladbrokes and Coral may have to sell as many as 400 shops to get approval of a merger that would create the Britain’s biggest betting-shop chain, the UK’s competition watchdog said.

Irish bookie Boylesports may bid for some or all of the 400 British betting shops that Ladbrokes and Coral will have to offload to get their proposed (...)

Jim Mullen, chief executive  of Ladbrokes has warned that a ruling demanding the combined group sell too many shops could derail the deal. Photograph: Chris Ratcliffe/Bloomberg

The British competition watchdog is this week expected to ask bookmakers Ladbrokes and Corals to offload between 400 and 1,000 betting shops as a cond(...)

Paddy Power Betfair will be headquartered in Dublin. Photograph: Bloomberg

Paddy Power looks set to complete its near €10 billion merger with rival Betfair in a little more than two weeks after the Republic’s competition reg(...)

Andy McCue (left), chief executive, and Gary McGann, chairman, at the Paddy Power egm in Dublin on Monday. Photograph: Eric Luke

Paddy Power and Betfair are merging in a drive to scale up their businesses and cut costs as new taxes and regulation begin to take their toll on the (...)

Competition authorities in both the UK and the Republic must approve the merger. Photograph: Bloomberg

Paddy Power’s proposed €8 billion merger with Betfair cleared a key hurdle yesterday when one of two competition regulators investigating the deal ap(...)

“It is clear to me that the GalaCoral and Playtech shareholders are the big winners here with Ladbrokes shareholders once again paying the price of management ineptitude,” Dermot Desmond said. Photograph: Cyril Byrne/The Irish Times

Dermot Desmond will challenge Ladbrokes’s and Coral’s agreement to pay their partner Playtech €106 million, in a bid to have the pair’s €3.3 billion (...)

Apple shares were higher  after it posted a strong earnings report, driven by iPhone sales. Shares of Apple gained 2.5 per cent in New York. Photograph: Paul Miller/EPA

US and European stocks rose on Wednesday ahead of the Federal Reserve’s decision, which investors hoped would clarify the central bank’s rate hike p(...)

The decision to sell the business comes after Musgrave last summer wrote down about €131 million in relation to the British operation

The UK Competition and Markets Authority has approved the sale of Musgrave Group’s loss-making British business to Booker for €57 million. The Cork-ba(...)

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