Succession: CMA would block a Waystar merger just like Microsoft – and it hurts Britain June 2, 2023 No spoilers, I promise. Succession builds towards its climax. Logan Roy, played by a full tilt Brian Cox, is trying to finalise a merger between his media conglomerate Waystar Royco – a hybrid of News Corporation and Disney – and the up and coming tech business GoJo. Imagine the final scenes. Months of globe-trotting negotiations [...]
Competition and Markets Authority approves £1.4bn Unite Students acquisition of Liberty Living November 6, 2019 The UK competition watchdog has approved the £1.4bn acquisition of student accommodation provider Liberty Living by rival firm Unite Students. The Competition and Markets Authority announced today that it has decided not to escalate its investigation into the merger to a stage two inquiry after seeking comment from interested parties on whether the take over [...]
UK antitrust agency probes AI market as calls for regulation grow louder May 4, 2023 The UK's competition regulator has launched a review into the advancement of artificial intelligence, it confirmed today, amid growing concerns over its unchecked power to potentially overhaul the jobs market and spread misinformation.
The CMA’s hardball approach to the Microsoft deal paid off -but EU gamers will be left out August 24, 2023 A deal with the UK competition watchdog could mean British gamers have more choice than their European counterparts, writes Zach Meyers
Virgin Money warns of margin and cost pressures as Nationwide merger looms June 13, 2024 Virgin Money has posted a rise in profit but warned of margin pressure and limited cost savings, as it gears up for a mega-merger with Nationwide.
Former CMA chair sues crypto exchanges Binance, Kraken and others for £10bn August 9, 2022 Crypto exchanges Binance, Kraken, and others have been hit with a £10bn lawsuit in a competition dispute by the former chair of the UK’s Competition and Markets Authority. Lord David Currie filed the claim against the two crypto giants as well as exchanges Bittylicious and ShapeShift for delisting the BSV cryptocurrency from their platforms, Financial [...]
FCA’s anti-greenwashing guidance comes into force next week. Lawyers explain what to expect May 26, 2024 The FCA's new anti-greenwashing guidance comes into force next week. Lawyers explain to City A.M. what companies should expect from this and the implications if they mess up
Mitie snaps up telecoms tower design house P2ML amid competition probe April 1, 2022 Mitie has snapped up a telecoms tower design house for £2.1m. It has acquired P2ML, which provides construction and maintenance services for cellular telecoms infrastructure. The strategic outsourcing firm is being probed by the competition watchdog for its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). The [...]
Morrisons’ private equity owner clears final regulatory hurdle for £7bn supermarket sweep June 9, 2022 The competition watchdog has given the green light to Morrisons’ private equity owner, meaning the deal has now cleared regulatory checks. The Competition and Markets Authority (CMA) had provisionally accepted Clayton, Dubilier & Rice’s offer to sell 87 petrol stations in order to address competition concerns. Now, the watchdog said it has accepted the undertakings [...]
Shapps warns fuel retailers he will ‘call out any foot-dragging’ on price transparency August 8, 2023 Energy Secretary Grant Shapps has warned fuel retailers he will “call out any foot-dragging” over the sharing of pump price data. He made the comment as drivers were hit by the largest weekly rise in petrol prices for more than a year. The Competition and Markets Authority (CMA) is planning to launch an interim voluntary [...]