The Office of Fair Trading (OFT) is about to enter the final stage of its investigation into Mercedes-Benz and five vehicle dealerships over suspected breaches of the Competition Act in the distribution of commercial vehicles. The investigation, launched in 2010, relates to five separate alleged infringements between March 2007 and January 2010, each of them involving two or three dealers, and two of them also involving Mercedes-Benz. Apart from Mercedes UK parent Daimler UK, and ultimate parent Daimler AG, the […]
Associated Cold Stores & Transport (ACS&T) said it ended last year in a strong financial position after Covid-19 resulted in a 17% reduction in turnover and knocked almost two-thirds off its pre-tax profit.
FairFuelUK (FFUK) has received more than 15,000 signatures of support in the past day backing its call for an investigation into the UK fuel market. FFUK wants the Office of Fair Trading (OFT) to take the issue on, after a report commissioned for G20 finance ministers warned oil traders may have been artificially inflating wholesale prices. It also wants the financial regulators to look at whether traders and speculators have, in the style of the banks and the Libor rate, […]
Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA.