Penalty notice: Euro Car Parks fined £473,000 for ignoring regulator

Euro Car Parks is infamous for dishing out fines but the private parking company has been hit with an almost £475,000 penalty of its own after it failed to hand over information to a regulator.The Competition and Markets Authority (CMA) said it had imposed a £473,000 fine after the company did not respond for three months to seven requests for information, including by registered post, email and hand-delivered letter.It is the first time the CMA has issued a penalty under the new fining powers it was given in 2024.The regulator sends out “information notices” to companies when deciding whether to open an investigation, and businesses have a legal obligation to comply.The CMA said Euro Car Parks, which provides payment systems in car parks, only responded after it raised the spectre of a fine

US inflation falls to 2.4% in January after Trump’s tariffs led to price fluctuations

US inflation moderated in January to 2.4%, an easing after Donald Trump’s tariffs triggered price fluctuations last year.Prices rose 0.2% from December to January, according to data released by the US Bureau of Labor Statistics on Friday measuring the consumer price index (CPI), which measures the price of a basket of goods and services. Core CPI, which strips out the volatile food and energy industries, went up 0

How to deal with the “Claude crash”: Relx should keep buying back shares, then buy more | Nils Pratley

As the FTSE 100 index bobs along close to all-time highs, it is easy to miss the quiet share price crash in one corner of the market. It’s got a name – the “Claude crash”, referencing the plug-in legal products added by the AI firm Anthropic to its Claude Cowork office assistant.This launch, or so you would think from the panicked stock market reaction in the past few weeks, marks the moment when the AI revolution rips chunks out of some of the UK’s biggest public companies – those in the dull but successful “data” game, including Relx, the London Stock Exchange Group, Experian, Sage and Informa.Relx, the former Reed Elsevier, whose brands include the Lancet and LexisNexis, is the most intriguing in that list. The company’s description of itself contains at least five words to provoke a yawn – “a global provider of information-based analytics and decision tools for professional and business customers” – but the pre-Claude share price was a thing of wonder

Share values of property services firms tumble over fears of AI disruption

Shares in commercial property services companies have tumbled, in the latest sell-off driven by fears over disruption from artificial intelligence.After steep declines on Wall Street, European stocks in the sector were hit on Thursday.The estate agent Savills’ shares fell 7.5% in London, while the serviced office provider International Workplace Group, which owns the Regus brand, lost 9%.The UK’s two biggest property developers, British Land and Landsec, dropped 2

Winter Olympics: Ilia Malinin misses podium in figure skating shock; Shaidorov takes gold – as it happened

Shaidorov’s win should be celebrated. He skated brilliantly. He may be Malinin’s rival for years to come.But it’ll be impossible to remember this event as anything other than a catastrophe for the world’s best skater over the past three years by a wide margin.The flip side is that Malinin came through in the team event, which means several US skaters will leave Italy with gold medals

Matt Weston slides to skeleton gold as Team GB finally win medal at Winter Olympics

And on the seventh day, Great Britain finally won their first medal of these Olympics. At nine o’clock on Friday night Matt Weston, the man his teammates call “Captain 110%”, became the first British man ever to win the gold in the men’s skeleton, after four faultless races across the two days of competition.The 28-year-old broke the track record at the Cortina Sliding Centre four times in succession, and won in a combined time of 3min 43.33sec, which was almost a full second ahead of the runner-up, Germany’s Axel Jungk. “I’ve been fortunate enough to win world championships, and European championships and other things, and this blows them all out the water,” Weston said