Vodafone launches next stage of £3.4bn shareholder value return plan August 7, 2024 Vodafone has launched the next stage of its share repurchase programme worth up to €500m (£430m). In March, the firm said it would return €4bn (£3.4bn) to shareholders as part of a broader capital allocation review in an attempt to appease jittery shareholders following asset sales. It kicked off the return in May with an [...]
Vodafone’s £11bn 5G rollout at risk if Three merger is blocked July 10, 2023 Vodafone’s UK boss has warned that the company’s £11bn investment in the UK’s 5G network is at risk if its merger with Three is blocked by the country’s competition regulator. Without the deal, Vodafone “won’t be able to invest as much and we won’t be able to deliver the 5G ambition that’s coming in the [...]
Inmarsat’s £5.4bn takeover given provisional thumbs up by UK competition agency March 1, 2023 The £5.4 billion takeover of UK satellite giant Inmarsat by US firm Viasat has been given the provisional green light by Britain’s competition watchdog as it said the merged firm would be “challenged” in the rapidly expanding sector. The Competition and Markets Authority (CMA) said that while the companies compete closely in the aviation sector [...]
Petrol prices: Supermarkets accused of using election ‘distraction’ to keep prices high June 17, 2024 The RAC said prices are "far higher than they should be."
Shapps to ask supermarkets to ‘explain themselves’ over pump price hikes July 16, 2023 Supermarket bosses are set for showdown talks with the government next week over soaring prices at the pumps. Energy Secretary Grant Shapps will meet with chiefs from Asda, Sainsbury’s, Morrisons and Tesco, with the minister vowing to slam “the brakes down on the mistreatment of motorists.” In a column in The Sun, Shapps said he [...]
Adobe and Figma scrap £16bn merger after regulators criticise deal December 18, 2023 Adobe and Figma have ditched their $20bn (£16bn) tie-up after struggling to secure regulatory approval in both the UK and Europe.
CMA set to approve Viagogo’s £3.2bn takeover of StubHub March 22, 2021 The mega-deal between ticket reselling giants Viagogo and StubHub is heading for approval, after the companies reached a preliminary deal with the Competition and Markets Authority. The watchdog said earlier today it “proposes to accept” a series of promises from the companies, which would include selling off StubHub’s international arm. Viagogo’s £3.2bn deal to take [...]
Veterinary group CVS gears up for Australia expansion July 25, 2024 Veterinary group CVS announced 10 per cent revenue growth but weaker sales amid soft demand and the effect of a cyber security attack, while it separately announced a shift in strategy to focus on growth in Australia. Like-for-like sales only increased by 2.9 per cent year on year at the London-listed company, after a rise [...]
Heathrow faces larger cut in landing fees, regulator says July 11, 2024 The UK aviation regulator has proposed forcing London Heathrow Airport to further reduce the landing fees it can charge airlines over the next two years, following a long-running dispute over prices at Britain's biggest airport.
Regulator kicks-off consultation into further reductions into Heathrow landing fees March 20, 2024 In March 2023, the regulator said it would be capping the price Heathrow could charge per passenger in landing fees at £25.43 in 2024, £25.24 in 2025 and £25.28 in 2026.