Paddy Power Plc fell the most in almost six months after Chief Executive Officer Patrick Kennedy said he’ll leave Ireland’s largest bookmaker after leading the way into online betting during almost a decade in charge.
U.K. local authorities are to be given powers to stop companies such as William Hill Plc and Ladbrokes Plc from opening new betting shops, as part of a drive to tackle problem gambling, according to two officials familiar with the plans.
William Morrison Supermarkets Plc , the U.K.’s fourth-largest supermarket chain, said it plans to follow Tesco Plc and complain about new advertisements by Asda, the grocery chain owned by Wal-Mart Stores Inc .
The U.K.’s Advertising Standards Authority banned a L’Oreal SA advertisement for being misleading, the second time in six months the watchdog has cracked down on ads by the world’s largest cosmetics company.
UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives worldwide, three people with knowledge of the inquiry said.
Groupon Inc. Chief Executive Officer Andrew Mason has started weekly checks on U.K. customer complaints after the Office of Fair Trading and the Advertising Standards Authority criticized the company for violating rules protecting consumers, The Sunday Telegraph said, citing Mason.
Asda, the U.K. food retailer owned by Wal-Mart Stores Inc ., was ordered to withdraw television and newspaper advertisements for a price guarantee promotion which the Advertising Standards Authority labelled “misleading.”