Rolling coverage of the latest economic and financial news
From cars to planes! Ryanair has been fined €235m (£205m) by Italy’s competition authority for abusing its dominant position in its dealings with travel agents.
The Italian Competition Authority imposed the penalty after concluding that Ryanair had executed an “elaborate strategy” to block online and traditional travel agencies from purchasing Ryanair flights on ryanair.com, or to make it harder.
This, it says, weakened competition from agencies and reduced the quality and range of tourism services available to consumers.
The ICA says:
