Plus   Neg

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
NASA's Osiris-Rex robotic spacecraft briefly touched down on near-Earth asteroid Bennu's surface on Tuesday to collect rock and dust samples that will be brought back to Earth in 2023. Bennu is currently more than 200 million miles, or 321 million kilometres, from Earth. Osiris-Rex launched from Cape Canaveral Air Force Station in Florida in September 2016. Amazon said Wednesday that free one-hour grocery pickup is now available to prime members at all U.S. Whole Foods Market locations. Previously, the prime members could pick up Whole Foods orders only at select stores. J.C. Penney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially all of J.C. Penney's retail and operating assets in a combination of cash and debt.
Follow RTT