Renewi: Waste disposal firm gets green light to sell garbage UK arm to Biffa August 6, 2024 Waste management firm Renewi said it had been given the green light by regulators to sell its UK Municipal business to Biffa. In a statement to markets, Renewi said it had obtained approval from the Competition and Markets Authority (CMA) for the £125m deal, which was announced in May and is expected to increase the [...]
RAC calls on Big Four supermarkets to pass on savings to customers September 21, 2022 Motoring group RAC has accused the Big Four supermarkets of failing to pass on drops in wholesale costs to drivers.
Asda and EG Group £12bn merger would risk jobs and food supplies, union warns April 27, 2023 A union representing workers at Asda has said a potential merger of the supermarket with EG Group’s UK petrol stations could risk jobs, food supplies and monopolise petrol stations across the UK. The GMB Union wrote to Business Secretary Kemi Badenoch urging her to call in the competition regulator to investigate the possible multibillion pound [...]
Nearly 60 Bank of England staff accept offers to relocate for work in Leeds June 26, 2024 Nearly 60 workers at the Bank of England have accepted offers to work at the central bank's expanded office in Leeds.
We must uphold online competition at home, or we risk lagging behind the EU May 25, 2022 RIght now in the European Union, law-makers are putting the finishing touches on the Digital Markets Act – a landmark law which will upend big tech firms’ business models to improve competition online. In the UK, on the other hand, regulators, ministers and many lawmakers are frustrated. UK regulators are convinced dominant big tech firms [...]
OneWeb and Panasonic to rival Viasat-Inmarsat tie-up with in-flight wifi deal October 18, 2022 British satellite darling OneWeb has teamed up with in-flight entertainment giant Panasonic, in a partnership which could rival the looming Viasat-Inmarsat tie-up. The deal will see Panasonic Avionics, which serves over 70 airlines, sell OneWeb’s in-flight broadband services to commercial airlines worldwide by the second half of next year, cementing aviation as the latest cash [...]
Three UK boss says Vodafone merger is ‘vital’ to offset investment costs May 9, 2024 Boss Robert Finnegan said it was a "solid start to the year," but the company continues to be "impacted by inflationary pressures".
‘Pump-price competition is broken’: AA disagrees with watchdog’s verdict that 5p tax duty cut WAS passed on at the pump July 8, 2022 Motoring groups have disagreed with Competition and Markets Authority’s verdict that the 5p fuel duty cut was reflected in pump prices, as the watchdog calls for further investigation and more transparency. The CMA’s urgent review, ordered by Business Secretary Kwasi Kwarteng, found an increase “refining spread” added 24p a litre to petrol and diesel over [...]
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.
Commons Committee demands answer from Asda over ‘unclear’ fire and hire evidence July 5, 2023 The Business and Trade Committee is demanding Asda provide more evidence over it’s “unclear” fire-and-rehire strategy, after some 7,000 workers were threatened with the practice back in May. Chair of the committee, Darren Jones, is hauling the ‘Big Four’ grocer back in front of MPs after it said it was “concerned about apparent discrepancies” between [...]