What a probe into the veterinary sector means for the UK’s top dogs Pets At Home and CVS March 12, 2024 Top dogs in the UK veterinary sector were placed under pressure today after the competitions authority said it would launch an investigation into concerns pet owners are not getting value for money.
Morrisons mulls sale of warehouses and fisheries in £600m deal June 12, 2022 Morrisons’ private equity owner is scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth more than £600m. The New York private equity titan is mulling a sale-and-leaseback transaction in an endeavour to power returns from its £7bn takeover of the British grocer, according to a report [...]
Ofwat to focus on credit ratings as it defends lack of debt limits for water suppliers December 2, 2022 Boosting the financial resiliency of each water supplier is more important than taming overall sector debt, argued Ofwat.
Exclusive: Top fintechs slam regulators for slow progress on open banking December 20, 2022 A group of top fintech firms including Monzo and Wise have slammed UK regulators for a lack of progress on open banking today, claiming the “integrity and potential” of the regime in the UK is at risk.
Microsoft slams UK move blocking Activision takeover as ‘bad day for Britain’ April 27, 2023 Microsoft’s vice chair and president has slammed the UK competition watchdog’s decision to block the software company’s 68.7bn dollar (£55bn) takeover of gaming firm Activision Blizzard, calling it a “bad day for Britain”. Brad Smith said the UK regulatory environment compared unfavourably with the EU and warned the “English Channel has never seemed wider”. He [...]
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.
Cost of living: Morrisons follows Tesco and Asda in announcing fuel price cut of 6p per litre August 3, 2022 Morrisons is the latest supermarket to announce it is slashing the price of fuel, as households struggle to stay afloat amid a cost of living crisis. The retailer said on Wednesday that it had cut the cost of unleaded and diesel by an average of six pence a litre over the last week at all [...]
CMA fires warning shot at cost of living cartelists May 11, 2022 Cartelists that treat the cost of living crunch as an excuse for anti-competitive collusion will face the firm hand of the regulator, the UK’s competition watchdog warned today.
IAG offers €100m loan to Globalia for 20 per cent stake in Air Europa March 17, 2022 British Airways’ owner IAG offered today a €100m loan to Air Europa in exchange for a 20 per cent stake in the company. The airline said the seven-year unsecured loan would be offered to the carrier’s owner Globalia and, following regulatory approvals, it could be turned into the 20 per cent share. “This agreement will [...]
What the King’s Speech means for digital assets November 8, 2023 Lord Holmes highlights the bills involved in the King's Speech that he'll be directly working on, and how they affect digital assets.