CMA is like an ‘aggressive chihuaha’, says Elon Musk confidant January 5, 2024 Britain’s competition watchdog is acting like a small “chihuauha” in its “aggressive” interventions against UK deals, one of Silicon Valley’s most high profile tech founders has claimed.
Countdown on for Microsoft and Activision as they try to extend deal deadline July 18, 2023 Time is ticking for Microsoft and Activision Blizzard, which are reportedly in discussions to extend the deadline for their proposed multi-billion pound tie up. Originally set to be closed by today, the deal may now require more time as the two tech companies work to address regulatory concerns, according to sources close to Reuters. If [...]
Regulator launches investigation into baby formula market February 20, 2024 The CMA investigation, which was launched today, came off the back of a November study which found manufacturers raised prices by 25 per cent over two years, increasing profit margins during the cost-of-living crisis.
CMA wins appeal in bid to get overseas data from BMW and VW January 17, 2024 BMW and Volkswagen suffered a defeat at the Court of Appeal today after it ruled that the German car companies must comply with information requests from the UK's competition agency.
UK housebuilding could fall to half of target without intervention new report warns May 7, 2024 Uncertainty and inflation are hitting builders' output, threating government housebuilding targets.
Challenger banks pip high street rivals again as Monzo tops league table February 15, 2024 The UK's digital challenger banks have once again outperformed their high street rivals in a league table on customer satisfaction from the competition watchdog.
Challengers say new law will end Big Tech’s ‘stranglehold’ January 31, 2024 A number of tech challengers and startups have urged the government to pass the digital markets bill before the next election to help end Big Tech's "stranglehold" on the sector.
Water giant Pennon blames rain for poor pollution performance March 25, 2024 Pennon Group has flagged a dip in operational performance due to heavy rain and a string of storms across the UK.
Google facing £1bn competition lawsuit from professor on behalf of SMEs August 23, 2024 A professor has launched a class action lawsuit against Google on behalf of SMEs he said have been negatively hit by excessive commissions on its Play Store. Competition law professor at the University of Strathclyde, Barry Rodger, has alleged that Google has abused its dominant position by excluding competition in app distribution and by charging [...]
Petrol forecourt owners bag £60m bonus as pump prices jack up profits October 9, 2023 Senior executives at Motor Fuel Group, the UK's largest independent forecourt operator, have raked in a bumper pay packet this year on the back of record profits.