Pets at Home: Revenue ticks up amid difficult year August 1, 2024 Total revenue at animal care retailer Pets at Home rose by one per cent to £441.1m in the 16 weeks to July 18, with like-for-like revenue up by 0.5 per cent.
Let’s be honest, the competition watchdog shouldn’t care about Meta buying Giphy October 20, 2022 On Tuesday, the Competition and Markets Authority (CMA) blocked Meta’s acquisition of Giphy, a gif search engine. This ruling risks undermining London’s status as the digital capital of Europe — threatening innovation, job creation and economic growth. And yet, they did it anyway. The CMA had two justifications for blocking the acquisition. The first was [...]
Claim of supermarkets profiteering doesn’t pass ‘basic smell test,’ says former Sainsbury’s boss June 21, 2023 The former boss of Sainsbury’s has roundly rejected claims that British supermarkets are profiteering during the cost of living crisis, arguing that the government and regulators should focus on helping those in need instead of considering “interfering in markets”. “This idea that [supermarkets] are somehow profiteering in these circumstances… it doesn’t even pass a basic [...]
Regulation set to challenge the ‘dominance’ of tech giants Google, Amazon and Facebook April 25, 2023 Plans to toughen up UK regulation of some of the world’s largest tech companies will go before MPs for the first time, with the competition watchdog’s dedicated digital unit set to be given sharper teeth. New laws to regulate big tech firms, such as Google, Amazon and Meta, have been long awaited, with MPs last [...]
Tesco, M&S and Primark among brands hesitant to make some green claims over greenwashing action May 24, 2024 Big retail brands are hesitant to make green claims despite the majority embracing sustainable practices over fears of being hit with greenwashing action
Competition watchdog: Nationwide PPI failures were due to how ‘systems were set up’ May 16, 2024 The competition regulator has written to Nationwide after it was revealed it provided incorrect information to payment protection insurance customers
Fuel price warning if Asda forecourt mega-merger goes ahead January 23, 2023 A MOOTED merger between Asda and its owners’ separate forecourt business could lead to significantly higher fuel prices, a campaign group has warned. The billionaires – who bought Asda in 2020 for £6.8bn – are reportedly plotting to merge the supermarket chain with their forecourt business EG Group. The merger could create a new company [...]
Relief for drivers as UK petrol prices fall by 6p per litre in December January 5, 2024 The average price of petrol in the UK fell by 6p per litre in December in a relief for consumers after a year of trouble at the pumps.
Competition watchdog orders Facebook owner Meta to sell Giphy October 18, 2022 The competition watchdog told Facebook’s parent firm Meta this afternoon that it would need to dump Giphy, marking the first time the regulator has blocked a deal struck by a Big Tech firm. In its “final decision”, the Competition and Markets Authority (CMA) ruled that the combination of the two companies would allow Meta to [...]
Major UK mobile networks hit with £3bn competition class action December 8, 2023 Four of the UK’s largest mobile network operators have been hit with a class action lawsuit, over allegations they used market dominance to overcharge customers. The class action was filed to the Competition Appeal Tribunal (CAT) against Vodafone, EE, Three, and O2. The case alleges that the companies have been abusing their dominant positions in [...]