U.K. retailers seek more antitrust damages from MasterCard - U.K
ChainStoreAge.com - Sep 30th 2014, 09:52
London – A group of U.K. retailers led by W.M. Morrison Supermarkets plc is reportedly seeking to extend the period for which it can claim antitrust damages against MasterCard from 2006 to 1992. According to Bloomberg, this could add as much as $1.6 billion to the damages the retailers are seeking.
A court in London is reviewing the plaintiffs’ claims that MasterCard had unlawfully charged “interstate fees” on transactions, and that the six-year limit normally set on damages in this type of case does not apply because MasterCard fraudulently concealed how they were assessing the charges.
The court is expected to rule on how far back retailers can seek damages in January 2015. MasterCard has previously denied all claims by the retailers.
Profits fall at Aldi UK but continuing expansion drive
18/09/2019 - 10:35
Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus.
Transform your brand by transforming the way you talk to consumers
24/07/2019 - 10:20
The world is transforming at an incredible pace, affecting how consumers engage with everything around them, including brands. The digital age continues to transform the way we live, shop and pay – including how and where brands show up. By redefining the way they engage with consumers, brands can establish more meaningful relationships with them.
A Woolworths window display wins big in London
18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.
Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars
14/02/2019 - 10:07
According to the latest Mastercard Love Index, South Africans are willing to dig deeper into their pockets to spoil the ones they love on Valentine’s Day, splashing out on experiences like dining out and travel rather than on traditional gifts.
SA consumer spend shows moderate uptick ahead of festive season
18/12/2018 - 13:58
Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse™, which looks at overall retail spending trends across all payment types.