logo
Plus   Neg
Share
Email

BMCS Italy Issues Statement On Italian Anti-Trust Authority Decision

Babcock International Group Plc (BAB.L) said its unit, BMCS Italy, was unsuccessful in the first instance appeal against a decision by the Italian Competition Authority to impose a fine in respect of a tariff list dating back to 2001. The ICA fined BMCS Italy a total of 51 million euros. BMCS Italy is now considering its position in respect of a further appeal.

BMCS Italy stated that it does not understand the basis of the decision, given that the tariff list did not apply to any of the services provided by BMCS Italy and was not relevant to BMCS Italy's activities.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT