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Commerzbank touts record profit, launches buyback as it wards off UniCredit newsthirst.

A “mild recession” is on the cards, according to Commerzbank CEO Manfred Knof. Picture Alliance | Picture Alliance | Getty Images Commerzbank on Friday unexpectedly released quarterly results, touting “record” annual profit and announcing a new share buyback scheme. The bank said it achieved a 20% increase in net profit to 2.68 billion euros ($2.78…

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UK broadcasters fined £4.2m for illegally sharing details on freelancers | Competition and Markets Authority newsthirst.

The BBC, ITV, BT and the sports production company IMG have been fined £4.2m for illegally sharing information about fees for freelance workers at football and rugby matches. The sharing of information, which breached competition law, affected workers such as camera operators and sound technicians, according to the Competition and Markets Authority (CMA). The regulator…

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