Amazon hit with ‘biggest ever’ UK class action in £1bn legal case June 6, 2024 The 'biggest ever' class action will be filed to a London Tribunal against Amazon over allegation it has illegally misused data and manipulated its Buy Box
‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment March 29, 2023 The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]
Ryanair earnings hit after travel agent websites remove carrier January 3, 2024 Ryanair has said that the decision by a number of OTAs to remove its flights from their websites will hit earnings in the short term.
Natwest gets slap on the wrist after flouting customer service rules August 15, 2023 Natwest and the Co-Operative Bank have been given a slap on the wrist by the competition watchdog today after potentially misleading customers over the quality of service they were receiving. In letters to the two banks today, the Competition and Markets Authority said Natwest and Co-Op Bank had both breached part three of the Retail [...]
CMA blocks tie-up of hearing aid giants citing bid to protect consumers and the NHS June 22, 2023 The competition watchdog said it was protecting customers and the NHS on Thursday as it blocked part of the planned tie-up between two hearing aid companies. The Competition and Markets Authority (CMA) said that it would not allow the merger of Cochlear Limited and Oticon Medical to go ahead. Cochlear agreed to buy Oticon from [...]
Meta sells Giphy to Shutterstock to comply with UK regulator order May 23, 2023 Shutterstock said today it would buy animated-images platform Giphy from Meta for $53m in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors such as Snapchat and Twitter access to the target’s content. Meta had [...]
UK competition agency clears Broadcom’s £54bn deal for VMware August 21, 2023 Broadcom’s proposed purchase of VMware would not substantially reduce competition in the supply of server hardware components in the UK, the industry regulator has said. The UK’s competition watchdog has cleared the largest deal in its history as it said that the tie-up of US companies Broadcom and VMware would not damage UK competition. The [...]
Competition watchdog launches formal probe of Vodafone and Three tie-up January 26, 2024 The Competition and Markets Authority (CMA) has launched a formal investigation into the merger of Vodafone and Three. Back last June, Vodafone and CK Hutchinson, owner of Three, announced their long-awaited UK £15bn merger. The deal would combine the companies’ telecommunications operations under one single network provider. The CMA today has started its Phase 1 [...]
‘Bad news’ for Upper Crust owner after watchdog calls for more rail station catering competition June 12, 2024 The Office of Rail and Road has been investigating whether a lack of competition in railway station catering has been bumping up costs for passengers.
‘It’s our duty to be vigilant’: CMA bosses defend blocking Microsoft-Activision deal May 16, 2023 Bosses of the UK’s competition watchdog said today that they will not turn a blind eye to anti-competitive mergers as they defended the agency's controversial move to block Microsoft’s £55bn takeover of Activision Blizzard after it was waved through by EU regulators yesterday.