Author: Sam Allcock
Citibank has reached a settlement to pay $29.5 million due to violations involving unwanted calls. This significant financial agreement arises from legal actions against the bank.The legal case involves claims of countless unsolicited calls made to individuals across the United States, demanding repayments for debts that did not exist. This breakthrough highlights the importance of privacy protection and lawful communication practices.The lawsuit was initiated by Christine Head, who represented individuals affected by these unwanted calls. She accused Citibank of breaching the Telephone Consumer Protection Act (TCPA), a law established to prevent such invasions of privacy.The TCPA was enacted in 1991,…
The practice of shrinkflation has led many consumers to seek cost-effective alternatives, demanding more value for their purchases.PepsiCo, acknowledging this trend, has increased the chip content in its popular Tostitos and Ruffles brands, hoping to reclaim market position.Consumer Reaction to ShrinkflationShrinking product sizes, a practice commonly referred to as shrinkflation, has become a contentious topic among consumers. Many have expressed dissatisfaction with paying the same prices for reduced quantities of goods. This trend is particularly evident in the snack industry, where major brands have downsized their offerings, leading to a backlash from customers who seek better value.PepsiCo’s Strategy AdjustmentIn response…
Poundland launches its rewards app nationwide, marking a significant investment to enhance customer value.The initiative is supported by a £20 million investment to boost customer savings and engagement.The app, available on major platforms, allows users to earn and redeem points for rewards.Poundland’s app was successfully piloted in specific regions before the national rollout.Over 500,000 users have already engaged with the app during its trial phase.Poundland is making a strategic move by launching its rewards application across the United Kingdom, aiming to offer increased value to its customers through a substantial £20 million investment. This expansion of its digital presence comes…
El Salvador made headlines by becoming the first country to adopt Bitcoin as legal tender in 2021. However, recent surveys suggest that its citizens have limited use for Bitcoin in daily transactions.This article explores the disconnect between government initiatives and public adoption, based on a survey revealing that 92% of Salvadorans prefer traditional cash over Bitcoin.Bitcoin’s Role in El Salvador’s EconomyEl Salvador took a bold step by embracing Bitcoin as legal currency, hoping to revolutionise its economy. However, the expected widespread use of Bitcoin has not materialised. Despite the government’s efforts to promote cryptocurrency, the majority of Salvadorans still conduct…
Italy has announced a dramatic increase in capital gains tax on Bitcoin, rising from 26% to 42%. This decision aligns with the nation’s strategy to increase state revenue.With the objective of generating approximately 4 billion euros, Italy plans comprehensive tax reforms that impact multiple sectors, including cryptocurrency. This decision is poised to influence investor behaviour and the broader market dynamics.Italy’s New Budgetary PlanItaly recently announced its draft budgetary plan, detailing strategies aimed at increasing revenue. Central to this plan is the significant hike in capital gains tax on Bitcoin from 26% to 42%. Such a measure is part of the…
Whitbread, the parent company of Premier Inn, has confirmed plans to return £2 billion to shareholders over the next five years. This comes even as the company faces a decline in pre-tax profits.Despite reporting flat revenues and a significant fall in first-half profits, the company aims for profit growth by £300 million. Whitbread remains optimistic about its growth and expansion strategies for the remainder of the year.Whitbread reported a 22% decrease in pre-tax profits for the first half of the year, with profits dropping to £309 million. This was primarily attributed to softer demand in the UK market. Revenues remained…
Roger Lewis, esteemed former chief executive of the Welsh Rugby Union (WRU), has received the prestigious honour of becoming a Freeman of the City of London. This accolade marks a celebrated addition to his diverse career in significant roles within London’s media industry.Cefn Cribwr-born Roger Lewis had an impactful career spanning from 1984 to 2004, where he held senior positions at renowned organisations such as Capital Radio, BBC Radio 1, EMI Records, Decca Records, and Classic FM. His journey from Wales to London highlights a trajectory characterized by dedication and achievement in the competitive media landscape.The title of Freeman grants…
Cardano’s ADA is navigating turbulent market waters with its current price at $0.35. It faces threats of further declines amidst market volatility.As investors keep a watchful eye on ADA, the question arises: Will its value drop below $0.25? This article dives into expert predictions and market factors influencing ADA.Cardano’s price currently stands at $0.35, having experienced a 1.51% decline over the past 24 hours. This decrease reflects broader market caution, positioning ADA 14th by market cap. Investors are cautiously observing ADA’s movements as concerns about its ability to uphold current values grow.Analyst Alan Santana forecasts a potential 33.4% fall in…
Barclays has significantly raised MicroStrategy’s stock price target to $225, aligning with the latest Bitcoin rally. This development underscores the dynamic relationship between Bitcoin’s growth and MicroStrategy’s market strategies, paving the way for potential investor benefits.The financial community is abuzz with Barclays’ latest projections for MicroStrategy, a company emblematic of Bitcoin investment. As Bitcoin continues its upward climb, so too does the anticipation for MicroStrategy’s market performance, now buoyed by a bold price target revision.Microstrategy’s Bitcoin Strategy and Stock PerformanceMicrostrategy, a leader in business intelligence and cloud-based services, is renowned for its strategic accumulation of Bitcoin. This corporate decision has…
Just Eat Takeaway reports a drop in orders across all markets, including the UK, North America, and Australia.In Q3 2024, orders fell by 6% globally, with a 14% decline in southern Europe and Australia.Despite a decrease in orders, the gross transaction value (GTV) rose slightly in key markets.New partnerships in grocery, pharmacy, and wellness sectors have been introduced as part of a diversification strategy.The company aims to achieve operational efficiency and forecasts an adjusted EBITDA of €450 million for 2024.Just Eat Takeaway, the renowned food delivery service, has announced a decline in orders across all its markets, citing a 6%…