CMA plans for price controls on emergency services radio network October 14, 2022 The UK’s competition watchdog has tabled plans to tackle excess profits at Motorola Solutions, after calling it a monopoly provider in the emergency service radio network. The Competition and Markets Authority (CMA) found that a lack of competition has allowed Motorola to make around £160m in excess profits a year, weighing on public funds [...]
FTSE 100 close: HSBC and Lloyds lead gains on London index as Turkish lira slides after inconclusive election May 15, 2023 London’s FTSE 100 kicked off a new week in decent style today, led higher by Britain’s largest banks clocking strong gains. The capital’s premier index advanced 0.30 per cent to 7,777.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.37 per cent to [...]
Leasehold reforms set to be walked back after investor lobbying March 25, 2024 Plans to cap ground rents on leasehold properties are set to be walked back after lobbying from pension funds and investors, according to reports.
CMA launches probe into £7.5bn UK cloud market following Ofcom study October 5, 2023 Britain's competition watchdog has launched an investigation into the UK's cloud market after an Ofcom study found competition issues.
Hunt pushes to make UK ‘the world’s next Silicon Valley’ November 17, 2022 The Chancellor has vowed to turn Britain into “the world’s next Silicon Valley,” stating that the key to global success was “not tax subsidies but competition”. In his Autumn statement, Jeremy Hunt restated the government’s commitment to pushing through legislation that would activate the Digital Markets Unit (DMU). Under the current draft Digital Markets Bill, [...]
Pennon acquires Sutton and East Surrey Water for £89m to expand southern England footprint January 10, 2024 Pennon Group acquires SES Water for £89m in bid to expand to southern England.
Week ahead: Kingfisher, Pennon, Fevertree and Ocado March 24, 2024 In a quiet week for economic announcements, London markets are expecting updates from Kingfisher, Pennon Group, Fevertree, Ocado and Carnival.
Competition watchdog is asked to step in over pricing spat between Wise and Atlantic Money January 27, 2023 Money transfer firm Wise has been reported to the competition watchdog after removing one of its smaller, cheaper competitors from its price comparison tools. London-listed Wise, which offers its own comparison tool as well as a number of others on external sites, has removed or delisted any mention of Atlantic Money’s cheaper service, in a [...]
Ad watchdog conducts record level of rulings on green issues in 2023 December 12, 2023 Since the start of the year, the Advertising Standards Authority (ASA) has conducted 29 formal rulings on green issues this year.
Covent Garden owner Capco reports strong rental demand as West End gears up for its £3.5bn merger with Shaftesbury January 30, 2023 Trading conditions across the Covent Garden estate have been positive, in particular a successful Christmas trading period with like-for-like customer sales in aggregate exceeding pre-pandemic levels. Ian Hawksworth, chief executive of Covent Garden estate owner Capco, said: “There is continued momentum at Covent Garden with robust trading conditions, in particular a successful Christmas period,” said [...]