Competition watchdog launches deeper probe into Apple and Google’s mobile dominance November 22, 2022 Competition regulators continue to cast their net towards Google and Apple, with a new in-depth investigation launched this morning over their mobile browser dominance. The Competition and Markets Authority (CMA) said it would be examining whether new rules are needed for users and developers in this space after it conducted a consultation. Around 97 per [...]
EU opens probe into Microsoft’s £59bn deal to buy Call of Duty maker Activision Blizzard November 8, 2022 The European Commission has opened an in-depth investigation into Microsoft’s proposed $68.7bn (£59.5bn) acquisition of Call of Duty maker Activision Blizzard. The commission said it was concerned that the proposed deal may reduce competition in the market. A preliminary investigation found that the transaction may significantly reduce competition, including multi-game subscription services and cloud game [...]
Barclays told to pay £1m to more than 1,000 mortgage customers over PPI breaches November 9, 2022 The UK’s competitions watchdog has ordered Barclays to pay up to £1m in compensation to at least 1,000 of its mortgage customers, over its failure to comply with rules around Payment Protection Insurance (PPI) policies. The UK’s Competition and Markets Authority (CMA) said Barclays should pay compensation to as many 1,306 of its mortgage customers, [...]
Former Phoenix boss Clive Bannister tipped as next competition watchdog chair April 6, 2022 The former boss of insurance group Phoenix has been tipped as one of the top choices for the chairman of Britain’s competition watchdog position. As reported by Mark Kleinman for Sky News, Clive Bannister, current chair of financial advisory group Rathbones and the Museum of London, may be in line to replace Jonathan Scott, who [...]
Why is Netflix jumping into the cloud gaming market? August 15, 2023 Netflix first announced its move into the cloud gaming industry back in November 2021, and it is now starting to test its games in the UK on televisions and computers as it looks to grow the service. Cloud gaming – sometimes known as gaming on demand or game streaming – allows users to play video [...]
Morrisons’ takeover of McColl’s won’t risk higher prices for vast majority of shoppers, CMA says September 8, 2022 Morrisons’ takeover of McColl’s newsagents has resulted in competition concerns in just a small number of areas, a watchdog has found. The Competition and Markets Authority (CMA) said the supermarket’s £190m rescue deal meant that the vast majority of areas will not face reduced competition. However, in 35 areas, the deal has presented price increase [...]
Asda slashes petrol prices after CMA review December 8, 2022 Asda has slashed petrol prices at the pumps over the past two days, opening up the possibility of a price war with its supermarket rivals.
UK should resist ‘over-regulating AI’: Founder of British tech start-up hailed by Sunak as ‘revolutionary’ February 12, 2024 The founder of a fast growing British tech startup, RobinAI, has said he believes the UK should resist over-regulating AI.
Merge UK’s financial services regulators into one body, says Tory think tank August 8, 2022 The government should consider merging the UK’s several financial services regulators into one body post-Brexit, an influential Tory think tank has said. A new report from the centre-right Policy Exchange, which was founded by Michael Gove, today said “meeting the demands” of the multiple City regulators can be “a major barrier to innovation” for new [...]
Which? demands boost to aviation regulator’s powers as passengers fume at airlines January 9, 2023 Which? has called on the government to bolster the aviation watchdog’s powers as fresh data reveals that passengers are losing faith in airlines’ ability to provide good customer service. Data published today by the consumer champion found that 39 per cent of adults who flew between January and October 2022 didn’t trust that airlines would [...]