Ocado accused of ‘profiteering’ from the coronavirus crisis

Ocado accused of ‘profiteering’ from the coronavirus crisis by hiking prices and axing discounts as demand for deliveries soars By Hugo Duncan and Tom Witherow For The Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Ocado has been accused of ‘profiteering’ from the coronavirus crisis by axing discounts … Read more

Jacob Rees-Mogg’s firm is accused of profiteering from coronavirus economic crisis

Jacob Rees-Mogg’s investment firm is accused of exploiting worldwide market volatility caused by the coronavirus panic to rake in huge profits.  The MP owns 15 percent of Somerset Capital Management, whose chiefs appear to be investing in businesses hit hard by falling stocks. Executives have told clients the international crisis is providing a ‘once in … Read more

Trainline site accused of profiteering from coronavirus covid-19 crisis

Trainline site accused of profiteering from coronavirus crisis by refusing to waive its no-refund policy for advanced tickets, then charging HUNDREDS more for rebooked trips Dozens have taken to Twitter to complain about the site’s refund policy Many are tagging their tweet about the issue with the hashtag #boycotttrainline Twitter user James M Scaife tweeted: … Read more

Government could regulate prices of key goods to stop profiteering as coronavirus spreads

Rogue retailers should not ‘cash in on fear’ and panic-buying by imposing big mark-ups on household essentials, a watchdog warned yesterday. The Competition & Markets Authority (CMA) also said the Government may regulate the price of key products to prevent rip-offs. The goods affected could include everything from hand sanitiser, toilet paper and painkillers to … Read more