Ten Things You Need to Know Today: Tuesday 14 Aug 2018

1. Ofcom fines Royal Mail after rival complains

Royal Mail has been fined a record £50m by Ofcom for breaching competition law, following a complaint from a delivery firm. The regulator found that Royal Mail had abused its dominant market position and discriminated against Whistl, which was trying to become its first competitor in wholesale mail delivery. Royal Mail is to challenge the fine.

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