Sharecast - Major tech firms face the threat of multibillion-pound fines for breaching consumer protection rules under new legislation that will tackle issues including fake online reviews and subscriptions that are difficult to cancel. The digital markets, competition, and consumers bill will empower the UK’s competition watchdog to tackle the “excessive dominance” that a small number of tech firms hold over consumers and businesses. – Guardian
Millions of people failed to receive a government emergency alert on Sunday because of a suspected software glitch on Three’s mobile network. The company is thought to have scrambled engineers to a base near Reading to resolve the problem after many customers reported that the new national emergency alert had failed to sound on their phones. – Telegraph
Lidl could take on Waitrose and Marks and Spencer (LON:MKS) in their middle-class heartlands by opening stores in some of London’s most affluent neighbourhoods. The German discount supermarket chain has published a list of 247 desired sites for new shops across Britain, with Chelsea, Kensington, Mayfair, Westminster, and Knightsbridge among potential locations. It trades from more than 100 stores in London and within the M25, including Shepherd’s Bush, Tottenham Court Road, Clapham Junction, and Brixton. – The Times
Gymshark feared that its growth would stall this year for the first time since it was co-founded in 2012 by Ben Francis. The Solihull-based activewear brand, which was valued at more than £1 billion when General Atlantic, the American private equity firm, acquired a 21 percent stake in 2020, said in its accounts that its sales for the year to July were “tracking at the same level” as in 2022, when they hit £484.5 million, up 21 percent. – The Times
