Hibu, the owners of the Yellow Pages and Yell directory service, has welcomed news that regulatory restrictions on its business are to be reviewed.
hibu was formerly known as Yell Group which collapsed in value after gearing up too much prior to the credit crunch.
In 2007 the firm gave undertakings to the Competition Commission over the way it operated, in particular, agreeing to a cap on its advertising rates as it was seen to be in a dominant market position.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The rise of alternative directory and advertising services like Google has led to the Office for Fair Trading recommending those undertaking are reviewed.
This is great news for hibu, which may now be allowed to charge what it wants for its services.
The shares had gained 5.5% by 9:18
BS
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
