Johnson to meet tech bosses in push to make London more attractive for IPOs January 31, 2022 Boris Johnson will today meet with a group of tech bosses to discuss how to make the UK a more attractive destination for Initial Public Offerings (IPOs) post-Brexit. It comes as the government is set to shed or ease a series of EU regulations on financial services later this year in a bid to boost [...]
CMA says Future’s acquisition of TI Media does not raise competition concerns March 16, 2020 The Competition and Markets Authority (CMA) has approved Future’s acquisition of TI Media, saying it “does not raise competition concerns”. In October 2019, the publisher said it planned to acquire magazine printer TI Media, which owns popular titles Country Life and Marie Claire, for £140m in cash. After completing its initial investigation, the CMA found that [...]
Competition and Markets Authority starts scrutiny of Sainsbury’s-Asda merger ahead of formal investigation May 18, 2018 The Competition and Markets Authority (CMA) said today it was kicking off its scrutiny of the proposed merger between supermarket giants Sainsbury’s and Asda. Sainsbury’s announced at the end of last month that it intended to merge with Asda, which is currently owned by Walmart in the US. The two have said a deal will [...]
Londoners most at risk of being among the 350,000 UK borrowers who will struggle to repay their mortgage, regulator warns March 10, 2023 An extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000 mortgage borrowers could become financially stretched by the end of June 2024, [...]
A legal puzzle: How to solve the post-Brexit Northern Ireland border July 12, 2023 Barnabas Reynolds is a partner at Shearman & Sterling LLP and the co-author of Mutual Enforcement, a recent publication by Centre for Brexit Policy. In this guest essay he makes the case that the UK can only solve the Northern Ireland border issue by drawing up an entirely new solution. It is sometimes possible to [...]
CMA launches probe into Future’s TI Media merger January 20, 2020 The Competition and Markets Authority (CMA) announced today that it is investigating whether Future’s proposed acquisition of TI Media could harm competition. In October 2019, the publisher said it planned to acquire magazine printer TI Media, which owns popular titles Country Life and Marie Claire, for £140m in cash. The CMA said it was considering [...]
UK crypto firm pushes back against FCA rules March 23, 2022 Crypto exchange Gemini has warned the UK regulator that draft rules for digital assets risk encouraging firms to relocate offshore.
1 Minute Market Rundown – 14th June 2022 June 14, 2022 Celsius Insolvent?Risk ClatteredAll Eyes on Powell It was crypto that led the charge down both yesterday and over the weekend, with ETH at the vanguard. BTC had its worst single day performance in a year, while ETH slumped 18% over further concerns around its proposed merge. News on the day of Celsius’s insolvency exacerbated the [...]
CMA launches coronavirus taskforce to stamp down on over-pricing March 20, 2020 The Competition and Markets Authority (CMA) has launched a taskforce to prevent businesses from taking advantage of shoppers during the UK coronavirus outbreak. The UK competition watchdog warned the outbreak has “prompted many concerns that businesses might exploit the situacion to take advantage of people”. Amid stockpiling of food and toilet roll across the UK, [...]
Rio pins recovery hopes on mega Simandou iron ore project amid share price blows October 5, 2023 Could revive Rio Tinto's long-held ambitions of mining the world's largest untapped supply of high-grade iron ore revive its share price?